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Google reports strong growth driven by AI, Cloud [Video]

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Small Business Growth
Tech giant Google reported robust third-quarter results, but worries persist about whether it is losing ground in the AI race.Photo: JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA/Getty Images via AFPSource: AFP

Google’s parent company Alphabet reported robust third-quarter results on Tuesday, with revenue climbing 15 percent year-over-year to $88.3 billion, powered by strong performance from its crucial advertising business and growth in cloud services.

The technology giant’s net income surged 34 percent to $26.3 billion, while earnings per share increased 37 percent to $2.12.

Operating margins expanded significantly, rising 4.5 percentage points to 32 percent, reflecting improved operational efficiency at one of the world’s biggest companies.

“Our commitment to innovation, as well as our long-term focus and investment in AI, are paying off with consumers and partners benefiting from our AI tools,” said CEO Sundar Pichai, referring to the burgeoning field of artificial intelligence.

The results showed that Googleis holding its own despite …

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