Alphabet, the Google parent company, has posted an increase in profits and revenues for the third quarter.
Revenue jumped 41% to $65.12bn. This is the largest revenue increase in 14 years. Advertising revenue jumped from $37.1bn $53.13bn.
Sundar Pichai, chief executive of the group, said: “this quarter’s results show how our investments there are enabling us to build more helpful products for people and our partners.”
Cloud division revenues jumped 45% to $4.99bn.
Chief business officer Philipp Schindler commented on the uncertainty of future results, saying: “it’s clear that uncertainty is the new normal.”
“When it comes to anticipating change, predicting demand and investing in innovation businesses need as much support now as they did a year and a half ago.”