Alphabet quarterly earnings lifted by cloud and AI

Google parent Alphabet on Thursday reported profit of $34.5 billion in the recently ended quarter, powered by its cloud computing and artificial intelligence operations.

Overall revenue at Alphabet grew 12 percent to $90.2 billion compared to the same period a year earlier, while revenue for the cloud unit grew 28 percent to $12.3 billion, according to the tech giant.

Alphabet chief executive Sundar Pichai said the strong quarterly results reflect healthy growth and momentum across the business.

“Underpinning this growth is our unique full stack…