Alphabet revenues up 22% on growth in mobile search, YouTube

(Telecompaper) Alphabet reported a strong finish to 2016, led by continued strength at its core Google business and smaller losses at its 'other bets'. Revenues rose 22 percent year-on-year to USD 26.064 billion, led by growth in mobile search and YouTube, according to Google CFO Ruth Porat in a statement. Net profit improved to USD 5.333 billion or USD 7.56 per share from USD 4.923 billion or USD 7.06 per share a year ago. Google contributed USD 25.082 billion in revenue, up 18 percent from a y