The Limited Times

Now you can see non-English news...

Alphabet: Google parent increases sales by almost 60 percent, profit jump drives the share into positive territory

2021-07-27T20:43:27.924Z

Around $ 62 billion in sales in the quarter, profit almost tripled: the advertising business is booming at Google's parent company Alphabet. Following the announcement of the quarterly balance sheet, the share continues to rise.



Enlarge image

Golden hand: Alphabet boss Sundar Pichai is a winner of the corona crisis and the increasing online usage time

Photo: REUTERS / Brandon Wade / File Photo

Bubbling advertising revenues have helped the Google parent company Alphabet to jump in sales.

Revenues in the second quarter climbed 57 percent after adjustment for currency effects to 61.88 billion dollars, as the world's largest search engine provider announced on Tuesday after the US market closed.

That was significantly more than analysts expected.

The profit increased even more.

From April to June, Alphabet had a net income of $ 18.53 billion after $ 6.96 billion in the same period last year.

With this, too, the group clearly exceeded expectations.

The share, which has risen by almost 50 percent since the beginning of the year and is currently trading near its record high, rose in after-hours trading by around 2 percent to 2698 US dollars.

Company boss Sundar Pichai justified the development with further increased online activities of consumers and a general strength in the advertising business.

la / dpa

Source: spiegel

All news articles on 2021-07-27

You may like

Trends 24h

News/Politics 2021-09-24T00:41:45.315Z
News/Politics 2021-09-24T00:55:19.825Z
News/Politics 2021-09-24T03:35:39.760Z

Latest

© Communities 2019 - Privacy