Alphabet Inc. reported on Tuesday that its diluted earnings per share (EPS) for the second quarter of fiscal 2022 stood at $1.21, a figure 11% lower compared to the same period a year ago. Revenues in the second trimester jumped 13% year over year to $69.7 billion, while net income came in at $16 billion after falling 14% from the second three-month period in 2021. Operating income went up 0.50% and reached $19.45 billion. “In the second quarter our performance was driven by Search and Cloud. The investments we’ve made over the years in AI and computing are helping to make our services particularly valuable for consumers, and highly effective for businesses of all sizes. As we sharpen our focus, we’ll continue to invest responsibly in deep computer science for the long-term,” Alphabet and Google CEO Sundar Pichai said in the press release.