Skip to main content

Google’s parent Alphabet posts strong post-pandemic gains

Google’s parent Alphabet posts strong post-pandemic gains

Google. Youtube, Coronavirus

By Prince Osuagwu

Google’s parent body Alphabet has raked in a total of $55.3 billion in revenue over the past three months.

The profit represents an increase of 34 per cent to what it made same time last year. The company’s net income jumped dramatically as well, from $6.8 billion in Q1 2020 to $17.9 billion in this year’s quarter.

Google CEO Sundar Pichai, in a statement, noted that “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.”

Alphabet’s latest release is a sign that the industry is slowly returning to business after the upset by the coronavirus pandemic.

Also read: Meet needs of Nigerians abroad, Reps member tells foreign missions, embassies

It may have posted the envious profit considering lots of people marketing dollars, who actually keep it in the green.

YouTube might be the best example of an Alphabet service that flourished during the pandemic; ads run on the platform accounted for $6 billion of Alphabet’s total revenue pie. Alphabet also reported a new high for Google’s Cloud business, which generated revenues of just over $4 billion.

Meanwhile, Alphabet’s “Other Bets” category, which includes businesses like autonomous driving company Waymo and Verily, gained very slightly year-over-year. Those subsidiaries collectively pulled in about $60 million more than last year, but accompanying losses held more-or-less steady at about $1.1 billion.

Steady gains in Google’s service revenue which comes from the Play Store, Google One and more, along with heightened success in its broader ads business, means Alphabet is looking at a standout quarter.

Vanguard News Nigeria 

The post Google’s parent Alphabet posts strong post-pandemic gains appeared first on Vanguard News.


https://ift.tt/3sYEGMN by Bankole via Vanguard News Albert Einstein Fools of Fortune

Comments

Popular posts from this blog

Where is Aguleri Located?

Aguleri is a prominent town often associated with the mighty river called Omabala wgiyflows through it. It is home to a lot of great men and women of Anambra Stare - notably Willie Obiano. History had it that it was the cradle of Igbo people established by Eri, son of Had, son of Jacob (you got to read your Bible babe). Where is Aguleri located? It can be foueat the north eastern part of Nigeria. They share boundaries with Kano, Umueri, Anam and Nando httpss://twitter.com/share https://google.com https://www.alexa.com/siteinfo/google.com https://www.quantcast.com/google.com https://sharedcount.com/?url=https://google.com https://www.similarsites.com/site/google.com https://facebook.com https://www.alexa.com/siteinfo/facebook.com https://www.quantcast.com/facebook.com https://sharedcount.com/?url=https://facebook.com https://www.similarsites.com/site/facebook.com https://youtube.com https://www.alexa.com/siteinfo/youtube.com https://www.quantcast.com/youtube.com

How to jump-start Nigeria economy post-COVID-19 Pandemic

Nwali Tochukwu Watching with consternation the fall out of events, actions, and inactions of our Nigerian leaders on mitigating the negative impact of COVID-19 Pandemic disruptions on our social and economic lives. As a young dynamic business and entrepreneurship writer, and author cum small business owner, what came into my mind as we navigate the storms of COVID-19, was a common English phrase Adages, Proverbs, first recorded in Fuller’s Gnomologia, 1732: ‘A stitch in time saves nine’ which was translated to literally, solve the problems right now! Why procrastinating? If we, as a nation wants to break away from past mistakes, and present mistakes, we should hold the bull by the horn right now. And avoid the roads of political expediency. That is exactly what the stitch in time simply stood for. Promptly address issues posed by Coronavirus. By quickly sewing up of a small hole or tear in a piece of material, so saving the need for more stitching at a later date when the whole ha

A lot of people think of actresses as prostitutes ― Joke Lawal

On-the-rise actress, Joke Lawal is living up to the title bestowed on her in 2016 as Nollywood New Bride by White Cowry Awards as the one-time City People Awards nominee is rapidly becoming a force to reckon with in the make-believe world. The Moshood Abiola Polytechnic graduate who dumped her degree in Business Administration in pursuit of her passion for acting in a chat with Potpourri has revealed what she hates about being an actress and what she would love to see a change in the movie-making landscape. ALSO READ:  Buhari urges Nigerians to pray for peace, unity “I would like to change people’s perception of actresses. A lot of people think of actresses as prostitutes, they see us as people who are not worthy of marriage and having a family. If I have the power this is something I will like to change. I will also like to see a change in the way our stories are written and interpreted, and in the quality of our film productions. Another thing I would like to change too is, how po