Google parent Alphabet declares slowest growth in two years

Google’s revenue growth during the last quarter ending June was its slowest in two years, its parent company Alphabet said Tuesday.

Alphabet earned over $69.7 billion in the April-June quarter, a 13% increase from the same time last year. 

Although the company’s growth rate has steadily declined for two years, the revenue Alphabet generates is still profitable

Stocks rose 3% in extended trading after Alphabet released its revenue numbers.