Google Q2 net income increased 19% to raise full-year capital expenditure forecast to $85 billion
According to online reports, Google's parent company Alphabet's second-quarter net profit rose 19% year-on-year to US$28.196 billion, and revenue increased 14% to US$96.43 billion, better than market expectations of US$94 billion. Q2 Google services revenue increased 12% to $82.5 billion, of which YouTube advertising revenue was $9.79 billion; Google cloud revenue increased 32% to $13.6 billion, higher than expectations of $13.11 billion. The company expects capital expenditures to reach US$85 billion this year with increased investment in artificial intelligence, compared with US$75 billion projected earlier this year.
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