Alphabet net income up by 19.6% to $4.21 billion
Google’s parent company Alphabet on Thursday reported a 19.6% year-on-year rise in net income to $4.21 billion in the quarter ended March. The world's No.2 publicly traded company by market capitalisation saw a 17.4% jump in consolidated revenue to $20.26 billion. The higher profits were driven by a 16.2% rise in Google’s advertising revenue to $18.02 billion.