Friday, 24 March, 2023

Alphabet posts record 34% rise in sales during Q1

<p>Google&#39;s parent company Alphabet reported revenue of $55.3 bn, a 34% rise YoY, in the first quarter of 2021. The tech giant reported $17.9 bn as net income with $135 bn in cash and marketable securities. Google Services revenues went by 34% to touch $51.2 bn, it included revenue of Google Search and other advertising revenues of $31.9 bn in the period, up by 30%. Alphabet has also managed to reduce losses of its Cloud vertical.</p>