The Globe and Mail reports in its Thursday edition that Google parent Alphabet beat Wall Street estimates for third-quarter revenue on Wednesday, as both its core advertising business and cloud computing unit showed steady growth. A Reuters dispatch to The Globe says the company reported total revenue of $102.35-billion (U.S.) for the quarter, compared with analysts' average estimate of $99.89-billion (U.S.), according to data compiled by LSEG. Google Cloud remained one of Alphabet's fastest-growing segments, benefiting from surging enterprise demand for artificial-intelligence-powered infrastructure and data analytics services. The unit posted revenue of $15.16-billion (U.S.), topping estimates of $14.72-billion (U.S.). The performance was likely boosted by burgeoning enterprise demand for its AI infrastructure. The unit continues to close the gap with larger rivals Microsoft Azure and Amazon Web Services, aided by strong take-up of Vertex AI and custom Tensor Processing Units. Alpahbet's Canadian-traded shares closed Wednesday at $44.80, up $1.09 on the Toronto Stock Exchange.