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San FranciscoAlphabet, the parent company of Google, has greatly increased its profits during the summer quarter thanks to high advertising revenues and a reduction in taxes. The surplus soared from $ 6.7 billion to $ 9.2 billion (8.1 billion euros) in the three months to the end of September, as Giant announced on Thursday. from the Internet after the closure of the US market.
Revenues increased 21% to $ 33.7 billion. On Wall Street, however, we were expecting more – the stock fell by more than three percent after the stock market.
Alphabet's quarterly results once again benefited from the very strong activity of Internet advertising, which recorded a rise in its turnover of about 20%, contributing for nearly 29%. billion USD to the bulk of the turnover.
In the other divisions, sales increased 43% to $ 4.8 billion.
"Our company retains a solid form around the world," said CFO Ruth Porat. In addition, the group played the US government tax reduction. The effective tax rate fell from 16% to 9%.
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