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Alphabet's quarterly revenue rises 20.2 percent

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Reuters
Last Updated : Oct 28 2016 | 1:48 AM IST

(Reuters) - Google parent Alphabet Inc reported a 20.2 percent increase in quarterly revenue on Thursday, helped by robust sales of advertising on mobile devices and YouTube.

The company's consolidated revenue rose to $22.45 billion in the three months to Sept. 30 from $18.68 billion a year earlier.

Net income rose to $5.06 billion, or $7.25 per Class A and B share and Class C capital stock, from $3.98 billion, or $5.73 per share, a year earlier. (https://bsmedia.business-standard.combit.ly/2eWsu9Y)

Alphabet, along with Facebook Inc , dominates the fast-growing mobile advertising market.

(Reporting by Narottam Medhora in Bengaluru; Editing by Ted Kerr)

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Oct 28 2016 | 1:43 AM IST

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