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General

Alphabet revenues leap 24% to USD 27.77 bln in Q3

Friday 27 October 2017 | 09:45 CET | News
Alphabet, the parent company of Google, has recovered from the hit it took in the second quarter after the European Commission imposed a competition fine of USD 2.7 billion. The company is now reporting third quarter net profit up to USD 6.73 billion from 5.06 billion the year before and revenues lifting 24 percent from the year before to 27.77 billion, with diluted earnings per share going higher to 9.57 from 7.25. CFO Ruth Porat, attributed the strong quarter to strength across Google and "other bets".

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Categories: General
Companies: Alphabet / European Commission / Google
Countries: World
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