Consolidated Alphabet revenues grew 15% year over year, the company said, “reflecting strong momentum across the business.” The tech giant reported net income increased 34%, and earnings per share, or EPS, increased 37% to $2.12. Google’s shares were up 1.66% at the market close on Tuesday, and were up 2.25% during after hours trading. The company’s stock has climbed 22.6% so far this year.
“The momentum across the company is extraordinary,” Google chief executive Sundar Pichai said in a statement. “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.”