BUSINESS UPDATE | Alphabet delivers better-than-expected Q4 revenue

Google’s parent company Alphabet Inc. reported a strong revenue growth of 22 percent year over year to hit $39.27 billion in the fourth quarter.

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Google’s parent company Alphabet Inc. Monday reported a strong revenue growth of 22 percent year over year to hit $39.27 billion in the fourth quarter.

“With great opportunities ahead, we continue to make focused investments in the talent and infrastructure needed to bring exceptional products and experiences to our users, advertisers and partners around the globe,” said Ruth Porat, chief financial officer of Alphabet and Google.

The company’s profitability remained robust as its operating income rose 21 percent to $8.2 billion over the previous quarter.

Alphabet reported most of its profits from sales from Google and its advertising units, which brought in about $32.64 billion in the fourth quarter.

Alphabet said its traffic acquisition costs, the money Google paid to partners for directing users to its search service, was kept at $7.4 billion for the quarter, about 23 percent of Google advertising revenues, compared with the figure of 24 percent year on year.

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