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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.

Tags: net returns growth profit

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