Advertising has a soothing effect on Google results

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Google has, however, dispelled the worst fears and made it clear that advertising continues to boost its results to infinity and beyond. Its advertising business brought the company operating results of 23.45 billion dollars in the last quarter , 8.5% more than during the same period of the previous year.

Google's cloud business, meanwhile, brought in $395 million list of turkey cell phone numbers in profits after suffering losses of $590 million in the same quarter last year.

In Alphabet's alternative divisions (robo-taxis and delivery drones, for example), Google's parent company managed to significantly reduce its operating losses , which amounted to $813 million in the second quarter of 2023 (compared to $1.134 billion in the same period last year). And sales in this division increased from $193 million to $285 million.

Ruth Porat , Alphabet's longtime CFO and a proponent of strict cost discipline, has been named the new president and chief investment officer of Alphabet and Google . The executive will take up the new role on September 1 and will continue to serve as CFO until Alphabet finds a replacement for her former position.

Alphabet, Google's parent company, increased its revenue by 7% to $74.6 billion. Its profits soared to $18.4 billion (from $16 billion in the second quarter of the previous year). Spurred on by the company's strong results, Alphabet shares rose by almost 6% on the stock markets yesterday.