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Googles Q2 net profit increased by 19%, and its full-year capital expenditure forecast was raised to US$85 billion
Odaily News Google (GOOG.O) parent company Alphabets second-quarter net profit rose 19% year-on-year to $28.196 billion, and revenue grew 14% to $96.43 billion, better than the markets expectation of $94 billion. Googles service revenue grew 12% to $82.5 billion in Q2, including $9.79 billion from YouTube advertising; Google Cloud revenue grew 32% to $13.6 billion, higher than the expected $13.11 billion. The company expects that capital expenditures will reach $85 billion this year as it increases investment in artificial intelligence, compared with an earlier estimate of $75 billion this year.
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