google parent alphabet inc reported quarterly results that exceeded wall street estimates tuesday initially propelling shares up 7 in afterhours trading the company’s board also announced a 20for1 stock split the searchengine giant googl goog  dominant in global digital advertising posted net income of 206 billion or 3069 a share in its fiscal fourth quarter compared with net income of 152 billion or 2230 a share in the same quarter last year revenue after removing trafficacquisition costs 134 billion increased to 619 billion from 4643 billion in the yearago period overall revenue was 753 billion up 32 analysts surveyed by factset had estimated net income of 2768 a share on extac revenue of 5925 billion equally important alphabet’s operating margin improved to 29 in the quarter vs 28 in the same quarter a year ago “the fourth quarter saw ongoing strong growth in our advertising business which helped millions of businesses thrive and find new customers a quarterly sales record for our pixel phones despite supply constraints and our cloud business continuing to grow strongly” alphabet chief executive sundar pichai said in a statement announcing the results google’s total advertising rose to 612 billion from 462 billion a year ago search comprised 433 billion up from 319 billion a year ago youtube ad sales continued to outperform jumping to 86 billion from 69 billion a year ago google’s cloud revenue soared 45 to 55 billion though the division continues to trail rivals amazoncom inc amzn and microsoft corp msft in cloud revenue google’s stock is down 5 so far this year the broader sp 500 index spx has declined 46 in 2022