Bottom line This was a very strong second quarter from Alphabet.
It was also the first quarter in a while during which revenue growth outpaced that of expenses.
That strategy should support both revenue growth and profit margins going forward.
We think shares can edge higher over time thanks to management finally getting cost growth below revenue growth.
At YouTube, management called out stabilization of spending by advertisers.
Persons:
Jim Cramer, —, Ruth Porat, Jim Cramer's, Jim, Sundar Pichai, Anna Moneymaker
Organizations:
U.S, NVIDIA, Nvidia, U.S . Department, DOJ, Google Networks, Google, YouTube, CNBC, Americas, U.S . Chamber, Commerce, Getty
Locations:
Los Angeles , California