Nasdaq on Monday 1 January. Photo: Mark Lennihan / AP
Net income rose to 4.92 billion, an increase of five percent compared to the same period last year, thanks to strong advertising revenues.
Sales rose 17.8 percent to 21.3 billion dollars.
The gain was larger than analysts expected and the shares went up more than 5 percent after the trade. If the course is when the market opens will Alphabet hence over the throne as the world’s most highly valued company on the 554 billion dollars, while Apple is “only” worth 534 billion dollars.
Apple in turn passed Microsoft in 2010.
“Our very strong growth for the fourth quarter shows our vitality, driven by both mobile searches like Youtube and targeted ads, all the areas we invested ii many years,” writes Financial Officer Ruth Porat in a statement.
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