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Alphabet returns to revenue growth of 14% in Q3, net profit jumps 59%

2020-10-30 09:39:00| Telecompaper Headlines

(Telecompaper) Google's parent company Alphabet reported a return to revenue growth in the third quarter, as the advertising market recovered from the slowdown in Q2. Revenues rose 14 percent year-on-year to USD 46.2 billion, and the operating margin improved to 14 percent from 13 percent. Net profit jumped 59 percent to USD 11.2 billion or USD 16.40 per share.

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