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    Alphabet Financial Reporting from the second quarter of 2021 - a staggering 62% growth
    17 Days, 19 Hours ago


    Tags:  Statistics  -  Financial-Report  -  Alphabet  -  Google

    Alphabet Company published its financial report for the second quarter of 2021 on Tuesday, July 27 of this year (August 5, 1400). According to the report, the parent company of Google in the quarter ending June this year, generated revenue of nearly $ 61.9 billion and with a net profit of $ 18.5 billion, earned $ 27.26 per share. The numbers show a record 62 percent increase in revenue and a significant 166 percent increase in net profit. Although this growth rate is comparable to last year's critical quarter of last year, Google's performance still looks brilliant, regardless of the impact of this factor.

     Alphabet Financial Reporting from the second quarter of 2021 - a staggering 62% growth

    Alphabet Financial Reporting has far exceeded expectations; Experts expected revenue of $ 56 billion and revenue of $ 19.14 per share in the second quarter of this year. "In the second quarter, online activity increased in many parts of the world, and we are proud to offer our services to many consumers and businesses," said Sundar Pichai, CEO of Alphabet and Google, in the second quarter of this year. Has helped. "Long-term investments in artificial intelligence and Google Cloud have helped us significantly improve everyone's digital experience."

     Alphabet Financial Reporting from the second quarter of 2021 - a staggering 62% growth Sundar Pichai CEO of Alphabet and Google

    Ruth Porat, CEO of Google and Alphabet, also earned $ 61.9 billion in the quarter The second is a reflection of the huge growth of users' online activity and the wider cost of advertisers.

    As you know, Alphabet's business backgrounds are diverse, as follows from the performance of these sections in the second quarter of this year.

    The results of this report show that the search section is one of the most important Alphabet was the driving force behind the growth in the quarter ending June 2021; The revenue of this sector in the last quarter has increased by more than $ 14 billion compared to the same period last year from $ 21.3 billion to $ 35.8 billion. This figure represents an increase of nearly $ 4 billion compared to the first quarter of this year.

    https://mobiletony.com Alphabet Financial Reporting from the second quarter of 2021 - a staggering 62% growth

    In YouTube, Alphabet reported revenue of about $ 7 billion, up 84% from the same period last year compared to the quarter The former indicates an increase of $ 1 billion. This increase seems desirable given the increasing competition of similar platforms. In addition, YouTube itself reported more than 15 billion global views on YouTube Shorts, up 131 percent from 6.5 billion daily views in the quarter ending March this year.

    Google Cloud Services also generated $ 4.6 billion in revenue last quarter. This figure is slightly higher than the performance results of Microsoft cloud services (including Azure service). However, as Microsoft's efforts focus more on monetizing the field, investors are anticipating more growth for the Mountain View giant. On the plus side, Google's cloud services operating loss fell from $ 1.4 billion in the second quarter of last year to less than $ 591 million in the last quarter, which is a good performance overall.

    https://mobiletony.com Alphabet Financial Reporting from the second quarter of 2021 - a staggering 62% growth

    However, the American super company Other Bets continued to lose ground, with $ 192 million in revenue coming mainly from Verily and Fiber, up about 30 percent from $ 148 million in the same period last year. In addition, the collection of trial and error in this sector last season resulted in a loss of $ 1.4 billion, which is a significant figure compared to last year's loss of $ 1.12 billion. Of course, with $ 19.4 billion in operating revenue generated over this time period, Alphabet will be able to better meet R&D costs and meet the financial needs of projects that may be profitable in the future. Google reports revenue from hardware products such as Pixel phones, smart speakers, Play Store and non-advertising revenue in Google Other, which according to the report was $ 6.6 billion, compared to a figure of $ 5.12 billion. Similar to last year, it shows a 29 percent increase. It remains to be seen how the possible release of the Pixel 6 Pro, and perhaps a smartwatch later this year, will affect Google's hardware revenue. It is not enough to affect ordinary investors. Thus, it can be inferred from the content of the Alphabet report that American Holding has been successful in maintaining its stock and market value in general.





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