Sorry, Stock Market Bears: Alphabet Just Showed Why This Top Index Fund Is Still a Buy

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) officially kicked off big tech earnings on Tuesday, and the Google parent had a banner report to share.Alphabet smashed estimates in the third quarter as overall revenue rose 15% to $88.3 billion, ahead of expectations at $86.3 billion and accelerating from the second quarter. Growth was solid virtually across the board as Google advertising revenue, which is primarily made up of search, was up 10.4%, while its cloud business revenue rose 35% to $11.3 billion, and its profitability also jumped. Operating income at the cloud division increased from $266 million to $1.94 billion, up by more than seven times while delivering a margin approaching that of leading cloud infrastructure platforms like Microsoft Azure and Amazon Web Services.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool