Alphabet revenues advance 21% in Q3 boosted by mobile search

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(Telecompaper) Google parent company Alphabet reported stronger revenues and profit in the third quarter, with the positive momentum helped by mobile search and a lower effective tax rate. Revenues rose to USD 33.74 billion, up 21 percent from the year before and by 22 percent in constant currency terms. The operating profit advanced 25 percent to USD 8.31 billion, though the margin slid to 25 percent from 28 percent. The net profit jumped to USD 9.19 billion from 6.73 billion, with diluted earnings per share going to USD 13.06 from 9.57. The effective tax rate was lower at 9 percent from 16 percent year-on-year.
Source: Industry News (syndicated from Telecompaper.com)

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