Image Source: Alphabet (i.e., Google) () reported Q3 results that were strong across the board. Revenue was up 15%, led by Google Cloud growing 35% year-over-year as businesses spend to build out their AI infrastructure. The core business (search, subscriptions, platforms, YouTube, etc.) still grew a healthy 13%, and remains 87% of revenues.The company continues to expand margins (op margin up to 32.3%, vs. 27.8% a year ago) and buy back shares (down 2.2% year-over-year). Pretty much the results were are looking for from the company, but the market is still ahead of the value. I’m bumping the fair value price up a few bucks to $127.Google will remain on the Watch List.More By This Author:Pure Storage’s Subscription Journey Makes The Stock Worth WatchingSemrush Is A Worthy Candidate For Your Watch ListIntuit Dominates SMB Accounting and Tax Prep – Is It A Buy?
Strong Report For Google In Q3
