Diane GreeneGoogle parent company Alphabet just beat Wall Street expectations
on its Q2 earnings, sending its stock up about 5% after-hours.
Its cash cow - ad revenue - grew a healthy 19.5% year-over-year, while "Other Bets" like Nest and Verily continued to lose money on small revenue gains (losses of Gadżety reklamowe (Highly recommended Web-site) $859 million on revenue of $185 million).
But there was one area where the compay did show strong growth that wasn't
related to advertising: Google's "other revenues."
That's where the company lumps
together its cloud business, Play store revenues, and hardware sales.
This quarter, it hit
$2.17 billion, up 33% year-over-year
. That's better than the 24% growth it saw last quarter, or the 24% the quarter before that, or the 11% growth in the third quarter of last year.