New Delhi, Oct. 30 -- Alphabet Inc. reported stronger-than-expected third quarter results, driven by robust demand for artificial intelligence (AI) services across its advertising and cloud businesses.

The Google parent company posted total revenue of $102.35 billion, surpassing analysts' estimates of $99.89 billion, according to LSEG data.

Revenue climbed 16% year-on-year to $102.3 billion.

Alphabet reported a strong July-September quarter, posting a profit of nearly $35 billion, or $2.87 per share, marking a 33% increase from the same period last year.

The Alphabet raised its capital expenditure forecast for 2025 to $91-93 billion, up from $85 billion in July, with the bulk of the spending directed toward expanding data centers that...