Google's parent company Alphabet reports surge in sales

Google has just launched a string of new hardware products
PA Archive/PA Images
Tom Powell27 October 2017

Google’s parent company Alphabet has reported a surge in sales over the last three months.

The tech giant saw revenue for the three months up to September 30 rise by 24 per cent, with net income also increasing to 7.8 billion dollars (£5.9bn).

It announced a revenue increase of more than five billion US dollars (£3.8bn) on the same period last year.

The company's chief financial officer Ruth Porat said the firm was delighted with the way it was performing.

"We had a terrific quarter, with revenues up 24 per cent year on year, reflecting strength across Google and Other Bets," she said.

"Our momentum is a result of investments over many years in fantastic people, products and partnerships."

Google continues to make up the vast majority of the company's revenue and income, however the so-called "other bets", which include Alphabet's Waymo driverless car business, as well as the Project Loon WiFi-enabled weather balloon venture saw revenue increase and losses fall.

Google has just launched a string of new hardware products, including a new smaller version of the Google Home smart speaker, the Mini.

The company has also announced the latest generation of its own-built smartphone, the Pixel 2, however the larger Pixel 2 XL version of the device, which is due to go on-sale next month, has been hit by some reports of screen 'burn-in'.

The issue can affect high-resolution screens, and causes images that are displayed for a long period to be 'burned' into the screen, appearing faintly even when nor on display.

The tech giant has said it is investigating the issue.

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