Alphabet reports Q3 revenue up 16% YoY to $102.35B, vs. $99.89B est., Cloud revenue up 34% to $15.16B, net income up 33% to $34.98B; GOOG jumps 5%+ after hours (Alphabet)
PositiveArtificial Intelligence

Alphabet has reported a remarkable 16% increase in Q3 revenue year-over-year, reaching $102.35 billion, surpassing estimates of $99.89 billion. The company's cloud revenue also saw impressive growth, up 34% to $15.16 billion, while net income rose by 33% to $34.98 billion. This strong performance has led to a significant jump of over 5% in GOOG shares after hours. These results highlight Alphabet's robust business strategy and its ability to capitalize on the growing demand for cloud services, making it a key player in the tech industry.
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