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Alphabet reports 21 per cent jump in quarterly revenue

Profit would have been much larger but for a record US$2.7 billion European Union antitrust fine

Published Tue, Jul 25, 2017 · 09:50 PM
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San Francisco

ALPHABET INC reported a 21 per cent jump in quarterly revenue on Monday, maintaining a growth rate that is rarely seen among companies its size and suggesting that the big sales gains enjoyed recently by the other Internet firms are not done yet.

Alphabet, the owner of Google and YouTube, said that it made US$3.5 billion in net income on sales of US$26 billion. The profit would have been much larger but for a record US$2.7 billion European Union antitrust fine.

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