Alphabet Inc. reported robust financial results for Q2 2024, with revenue reaching $84.7 billion, up 14% year-over-year. Google Services revenue grew 12% to $73.9 billion, while Google Cloud revenue surged 29% to $10.3 billion. Operating income increased 26% to $27.4 billion, with operating margin expanding to 32% from 29% in the prior year.The company's core advertising business showed strong momentum, with Google Search & other revenue increasing 14% to $48.5 billion and YouTube ads growing 13% to $8.7 billion. Google Cloud continued its profitable growth trajectory, with operating income rising to $1.2 billion from $395 million in Q2 2023. Technical infrastructure investments accelerated to support AI development, with capital expenditures reaching $13.2 billion.Alphabet maintained strong shareholder returns, repurchasing $15.6 billion of shares and paying its second quarterly dividend of $0.20 per share, totaling $2.5 billion. The company's cash position remained robust at $100.7 billion. Looking ahead, Alphabet plans to increase investments in technical infrastructure, particularly to support AI products and services development, while maintaining focus on operational efficiency.

Alphabet Inc. reported robust financial results for Q2 2024, with revenue reaching $84.7 billion, up 14% year-over-year. Google Services revenue grew 12% to $73.9 billion, while Google Cloud revenue surged 29% to $10.3 billion. Operating income increased 26% to $27.4 billion, with operating margin expanding to 32% from 29% in the prior year.The company's core advertising business showed strong momentum, with Google Search & other revenue increasing 14% to $48.5 billion and YouTube ads growing 13% to $8.7 billion. Google Cloud continued its profitable growth trajectory, with operating income rising to $1.2 billion from $395 million in Q2 2023. Technical infrastructure investments accelerated to support AI development, with capital expenditures reaching $13.2 billion.Alphabet maintained strong shareholder returns, repurchasing $15.6 billion of shares and paying its second quarterly dividend of $0.20 per share, totaling $2.5 billion. The company's cash position remained robust at $100.7 billion. Looking ahead, Alphabet plans to increase investments in technical infrastructure, particularly to support AI products and services development, while maintaining focus on operational efficiency.