$10 billion that ‘scared’ Wall Street and investors in a quarter that Google CEO Sundar Pichai has called ‘Standout’

Google’s parent company Alphabet beat analysts’ estimates in the second-quarter, posting strong results. The quarter was strong almost across the board for Alphabet. In a statement, the company said that sales climbed to $81.7 billion, topping analysts’ projections of $79.6 billion on average, according to data compiled by Bloomberg. Google saw strong growth in its core search business, which was up over 11% year-over-year, fueled in part by the strong performance of its AI overviews, CEO Sundar Pichai said in a statement. “We had a standout quarter, with robust growth across the company,” Pichai said. “We are leading at the frontier of AI and shipping at an incredible pace,” he added.