Google reported better than expected revenue, jumping 14% to $US85 billion in the June quarter, driven by search advertising revenue and the digital giant’s cloud business
Advertising revenue hit $64.6 billion. Search was up 13.8% to $48.5 billion and YouTube was 13% higher at $8.66 billion in the three months to June.
“Our strong performance this quarter highlights ongoing strength in search and momentum in cloud,” said CEO Sundar Pichai.
“We are innovating at every layer of the AI stack. Our longstanding infrastructure leadership and in-house research teams position us well as technology evolves and as we pursue the many opportunities ahead.”
Net income was up 28.6% to $23.6 billion, ahead of analyst forecasts.
Staff costs fell, with total employees at 179,582, down from 181,798 in the same quarter last year.
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