Google parent posts first-ever quarter with $100 bn in revenue in latest show of power
SAN FRANCISCO: Google’s corporate parent on Wednesday announced its first-ever quarter with more than $100 billion in revenue, a milestone that illustrates the unwavering power of its internet empire amid legal and competitive threats.
The news of Alphabet Inc.’s accelerating growth in revenue and profit comes on the heels of a court ruling in the U.S. Justice Department’s landmark monopoly case against Google’s dominant search engine that was widely seen as a mild rebuke that wouldn’t hobble the company.
