• Quarterly profit of $9.4bn exceeded estimates of $6.56bn
  • No signs that rising global privacy concerns would affect profits

Google owner Alphabet shrugged off mounting concerns over privacy on Monday to report an 84% rise in profits for the last quarter.

The results eased concerns that investment in new ventures beyond its core search business was undermining Alphabet’s outlook. There also were no immediate signs that rising global privacy concerns would affect profits.

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