Alphabet’s revenue exceeds expectations, boosted by cloud computing

Google parent Alphabet Inc. reported second-quarter revenue that exceeded analysts’ expectations, boosted by demand for cloud-computing services and advertising on its search engine.

Sales, excluding partner payouts, were $71.36 billion in the second quarter, the company said Tuesday in a statement. Analysts had projected $70.7 billion, according to data compiled by Bloomberg. Net income was $1.89 per share, compared with Wall Street’s $1.84 per-share estimate.