Shulou(Shulou.com)11/24 Report--

Alphabet, the parent company of Google, announced today that Ruth Porat, who has long been the chief financial officer (CFO), will become president and chief investment officer, and will then step down as CFO, which is also looking for a successor to CFO.

Today, Alphabet released second-quarter results, overall, cloud business, YouTube revenue are higher than expected, after-hours share price rose sharply, now up more than 6%.

Thomas Monteiro, a senior analyst at Investing.com, said: "when investors questioned Google's ability to keep up with other technology giants in the AI boom, Google not only achieved excellent earnings per share, exceeding expectations, but also made a substantial profit. This strongly suggests that Google may be entering a new phase of growth. Google has finally consolidated its dominant position in the controversial cloud and now has room to expand its focus to AI. "

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"the net profit of Google's parent company Alphabet increased by 15% in the second quarter compared with the same period last year, and overall, YouTube and Google cloud revenue all exceeded expectations."

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