Alphabet quarterly net profit up 4% to $4.9 bn
Alphabet on Tuesday posted a net consolidated profit of $4.9 billion for the quarter ended December as against $4.7 billion in the year-ago period. Alphabet's consolidated revenue jumped 17.8% to $21.33 billion. This was the first quarter Alphabet disclosed results from its Google and “Other bets” divisions separately and the Google umbrella accounted for 99.3% revenue. 