Google CEO Sundar Pichai logs in to Alphabet Board

WASHINGTON: Google's India-born CEO Sundar Pichai has been appointed to the board of directors of Alphabet, the search giant's parent company has said.

"Sundar has been doing a great job as Google's CEO, driving strong growth, partnerships, and tremendous product innovation. I really enjoy working with him and I am excited that he is joining the Alphabet board," Larry Page, CEO of California-based US multinational conglomerate Alphabet, said in a statement on Monday.

A long-time Google employee, 45-year-old Pichai, an IIT Kharagpur alumnus born in Chennai, has been leading the company for the past two years.

Pichai, whose appointment became effective on July 19, joins four other Alphabet officers Page, Sergey Brin, Eric Schmidt and Diane Greene on the 13-member Board.

As Google's Chief Executive Officer, he is responsible for Google's product development and technology strategy, as well as the company's day-to-day-operations.

Pichai joined Google in 2004 and helped lead the development of key consumer products which are now used by over a billion people.

In 2014, he took over product, engineering, and research efforts for all of Google's products and platforms.

After years of working closely with Google's co-founders, Page and Brin, he became Google's CEO in August 2015.

In October 2015, Alphabet became the parent holding company of Google.

Under Pichai, Google has boosted sales from its core advertising and Youtube business, while also investing in machine learning, hardware and cloud computing. SAN FRANCISCO: Google parent Alphabet has reported a quarterly profit of $3.5 billion, with a massive fine by the European Commission biting into earnings.

The technology giant on Monday reported that revenue grew to $26 billion in the recently ended quarter, and that profit would have tallied nearly $6.3 billion if it weren't for a $2.74 billion antitrust fine levied on search engine Google by the European Commission. Revenue was up 21 percent from the same quarter last year, according to earnings figures.

"We're delivering strong growth with great underlying momentum, while continuing to make focused investments in new revenue streams," said Alphabet chief financial officer Ruth Porat. Alphabet shares slid about 2.9 percent to 969.03 in after-market trades that followed release of the earnings figures. Investors have been concerned about what the regulatory trouble in Europe means for Alphabet, which gets most of its money from Google advertising while investing in "other bets" such as self-driving cars.

Alphabet took in $248 million in revenue and posted a narrowed loss of $772 million in its "other bets" category in the recently ended quarter.