You are using an older browser version. Please use a supported version for the best MSN experience.

Alphabet has surge in revenue

Press Association logoPress Association 28/07/2016 Martyn Landi

Google's parent company Alphabet has reported a big jump in revenue in its latest financial results, with the company's finance chief hailing the figures as "terrific".

Alphabet - which comprises Google and its other various businesses known as "Other Bets", including Nest smart thermostats and the Google self-driving car programme - saw revenue increase to $US21.5 billion ($A28.72 billion) well above the $US20.7 billion analysts had predicted.

Ruth Porat, the chief financial officer of Alphabet, said: "Our terrific second quarter results, with 21 per cent revenue growth year on year, and 25 per cent on a constant currency basis, reflect the successful investments we've made over many years in rapidly expanding areas such as mobile and video.

"We continue to invest responsibly in support of our many compelling opportunities."

The Google segment of Alphabet - the search engine business, as well as the Android platform - made up the vast majority of the revenue, accounting for all but just under $US200 million of it.

Google also reported income of $US6.9 billion.

Advertising revenue was also up 19 per cent on the same period last year, while Google's websites saw revenue climb 24 per cent compared to a year ago.

The so-called "Other Bets" segment, made up of Alphabet's more ambitious business projects, saw revenue increase too.

image beaconimage beaconimage beacon