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Alphabet delivered solid results with double-digit revenue and net income growth, driven by strong performance in Google Services and Google Cloud.
Revenue rose to $96.43B, a 14% increase from last year.
Net income reached $28.20B with EPS at $2.31.
Google Cloud revenue grew to $13.62B with a 20.7% operating margin.
Free cash flow declined sharply due to higher capital expenditures.
The company remains focused on AI investments and infrastructure expansion, signaling ongoing high capital expenditures but strong growth momentum in Cloud and Services.