The company reported profit of US$18.4 billion, a marginal rise of 1.44% over the corresponding quarter of the previous fiscal year. No break-up was reported for the individual units under Alphabet.
Alphabet and Google chief executive Sundar Pichai said in a statement: “There’s exciting momentum across our products and the company, which drove strong results this quarter. Our continued leadership in AI and our excellence in engineering and innovation are driving the next evolution of Search, and improving all our services.
"With 15 products that each serve half a billion people, and six that serve more than two billion each, we have so many opportunities to deliver on our mission.”
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"We continue investing for growth, while prioritising our efforts to durably re-engineer our cost base company-wide and create capacity to deliver sustainable value for the long term.”
Google Services, which includes Search and YouTube, made a small gain in revenue for the quarter, earning US$74.6 billion, compared to US$69.6 billion in the corresponding quarter of the previous fiscal year.
The company noted that it had sacked a large number of workers, without specifying the number given pink slips.
It also said it had made an assessment of lives of its servers and network equipment and extended it from four years to six years. The estimated useful life of certain network equipment was increased from five years to six years.
Porat will assume the new role of president and chief investment officer of Alphabet and Google from 1 September. She will also continue as chief financial officer.
