The third-quarter results released Tuesday for the July-September period included a 9% increase in Google’s ad sales from the same time last year. Those gains were the main reason Alphabet’s total revenue rose 11% from a year ago to $76.69 billion. The upturn was even better than the 7% year-over-year increase in revenue that Alphabet produced in the April-June period when it reversed an unprecedented drop in Google’s ad revenue after nearly 20 years of growth.
The higher revenue — coupled with cost cuts that have trimmed more than 7,800 employees from Alphabet’s payroll so far this year — enabled the Mountain View, California, company to post a profit of $19.7 billion, or $1.55 per share, a 42% increase from last year. Alphabet ended September with nearly 182,400 employees.
Bu hikaye Techlife News dergisinin October 28, 2023 sayısından alınmıştır.
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Bu hikaye Techlife News dergisinin October 28, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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