Alphabet launches 1Q21 results, revenue growth 34%, net profit 18.7 billion

Alphabet, the parent company of tech giants Google and YouTube, opened its first-quarter 2021 results with total revenues of $ 5.53 billion, up 34% from the same period a year earlier.

Google had revenues of US $ 46.6 billion, up from US $ 31.7 billion in the same quarter a year ago. This is due to the recovery of advertising revenues from the COVID-19 epidemic. That was intense in the past year.

YouTube is the winner in terms of its social media platform, with a 49% increase in revenue to $ 6.01 billion. Although it faces the fastest growing short video platform in 2020, TikTok.

Google Cloud posted a $ 974 million drop in advertising revenues from $ 1.7 billion in the same quarter a year ago. Service income rose 46% to US $ 4.05 billion.

Sundar Pichai, CEO of Alphabet “Our cloud services help businesses big and small accelerate their digital transformation.”

Situation of the COVID-19 Outbreak Around the world began to reduce the violence. After many countries began distributing vaccines to build immunity groups. But investors still believe technology will still play a role.

Due to various businesses Adjust to allow employees to work remotely. That means relying on digital technology equipment. And the trend has become more evident in the past year.

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