Alphabet Inc. shared on Tuesday that it booked $88.3 billion in revenue during the third quarter of fiscal 2024, seeing a 15% jump compared to the corresponding quarter a year before. The figure topped market estimates.
Its diluted earnings per share climbed by 37% to land at $2.12 apiece in the third quarter, while its operating income soared by 32% to come in at $28.5 billion. The tech giant's net income grew 34% year-over-year to $26.3 billion in the reported trimester.
"The momentum across the company is extraordinary. Our commitment to innovation, as well as our long-term focus and investment in AI, are paying off with consumers and partners benefiting from our AI tools," CEO Sundar Pichai commented on the report.
The company's Class A shares grew 3.46% and Class C stock rose 3.54% in extended trading.
