Three of the world’s biggest companies—Google parent Alphabet Inc., Amazon.com Inc. and Microsoft Corp.—reported booming quarterly growth, extending their reach in industries from advertising to retail to business software as they drive the economy’s technological transformation. Alphabet on Thursday said profits spiked 33% in the third quarter as users clicked on more ads on smartphones, atop search results and before YouTube videos. Amazon, meanwhile, said its revenue grew by 34% and profits inched up, shrugging off concerns...

Source: Wall Street Journal October 26, 2017 20:28 UTC