(CercleFinance.com) – Alphabet unveiled Tuesday evening a net profit of nearly $19.7 billion for the third quarter of 2023, representing EPS up 46% to $1.55, with an operating margin improving by three points at 28%.
The technology giant, parent company of the Google search engine and the YouTube platform, saw its revenues increase by 11% to $76.7 billion, including growth of more than 22% for its Google division. Cloud.
‘The fundamental strength of our business was again demonstrated in the third quarter,’ comments Chief Investment Officer Ruth Porat. ‘We remain focused on judicious capital allocation to realize sustainable financial value.’
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