Google's latest quarterly report provided further evidence that its internet empire is withstanding an artificial intelligence shakeup that is turning into another potential boon for the company.
The numbers released Wednesday marked Google's third consecutive quarter of digital ad growth of more than 10% from the previous year, while also posting more than 30% sales growth in its division that powers data centres for AI services.
Those increases during the October-December period propelled Google's corporate parent Alphabet well past the earnings forecasts of stock market analysts.
Alphabet's fourth-quarter profit rose 30% from the prior year to $34.5 billion, while revenue climbed 18% to $113.8 billion.
comments powered by Disqus
All feeds
