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Google's parent alphabet posted sharply higher sales and profit Monday just days off to face books blowout earnings alphabets fourth quarter revenue up twenty two percent from a year ago to nearly forty billion dollars beating Wall Street expectations bought shares fell about three percent in off dress trading as sharply higher spending worried investors the company investing in new products like cloud computing and consumer gadgets such as small speakers some do the watchers have questioned whether such businesses can generate the same returns as its search engine now alphabet says spending will moderate significantly in the coming year though it's promising to keep making big bets on artificial intelligence conceive a hardware and emerging markets the tech giant also green lighted a plan to buy back an additional twelve point five billion dollars of it she says