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Google owner Alphabet Inc beat expectations for revenues and earnings as advertising around its search and YouTube continued to flourish. The third-biggest company on New York’s Nasdaq exchange reported net cash in the bank of US$127.7bn, up from US$122.8bn at the start of the year as it generated free cash flow of US$18.7bn in what is the first quarter of its fiscal year, up from US$11.6bn a year ago.
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