The shares rose about 2% after dipping slightly in after-market trading. They had gained more than 30% this year
beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services.
Advertising sales, Alphabet’s chief revenue source, rose 11 per cent to US$64.6-billion. The company sells ads in its search product using customer data to better target them. Revenue grew 14 per cent to US$84.74-billion, compared with analysts’ consensus estimate of US$84.19-billion according to LSEG data.
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