Alphabet Inc
- Alphabet Inc. increased 3.7% to $198.50, and the parent company of the Google search engine reported better-than-expected quarterly results.
Revenue in the second quarter rose 14% to $96.4 billion from $84.7 billion, net income advanced to $28.2 billion from $23.6 billion, and diluted earnings per share rose to $2.31 from $1.89 a year ago.
Google Services revenues increased 12% to $82.5 billion, reflecting strong performance across Google Search & other Google subscriptions, platforms, and devices, and YouTube ads.
Google Cloud revenues increased 32% to $13.6 billion, which includes revenues from cloud and AI-related services.
The company also lifted its spending outlook for the year, as the company ramped up its investment in cloud and AI infrastructure.
"We are increasing our investment in capital expenditures in 2025 to approximately $85 billion and are excited by the opportunity ahead,” said CEO Sundar Pichai.
Jul 24, 2025
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