Google owner Alphabet sees profits soar

Google owner Alphabet sees profits soar

Profits at Google-owner Alphabet jumped almost 73% in the first three months of the year, as revenues from internet advertising soared.

First-quarter net income rose to $9.4bn (£6.7bn) from $5.4bn a year earlier.

Revenue jumped 26% to $31.2bn from $24.8bn.

“Our ongoing strong revenue growth reflects our momentum globally,” said Ruth Porat, chief financial officer at Alphabet and Google.

Source: BBC News

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