Alphabet's revenue surges 34% to $55.31 billion in Q1

Tuesday, 27. April 2021 22:03

Alphabet Inc. published on Tuesday its first-quarter earnings report, revealing better-than-expected revenue of $55.31 billion in the trimester ending March 31. While Alphabet's revenue annually soared 34%, its operating income surged 30% in the same period to reach $16.44 billion. Net income skyrocketed to $17.93 billion, with diluted earnings per share of $26.29.

"Over the last year, people have turned to Google Search and many online services to stay informed, connected and entertained. We've continued our focus on delivering trusted services to help people around the world. Our Cloud services are helping businesses, big and small, accelerate their digital transformations," CEO Sundar Pichai commented in the report.

The stocks of Google's parent company jumped 4.61% in the after-hours trading to sell for $2,395.74 per share following the earnings announcement.

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