The company consistently generates a high rate of profitability.
A massive cash balance makes this a stable stock for the long haul.
Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) just obliterated expectations for the second quarter of 2021. Revenue was $61.88 billion, a whopping 62% increase from a year ago the period during the initial economic lockdowns when the Google parent reported its first year-over-year revenue decline ever.
The stock has now doubled since the start of 2020, but this is no overpriced tech titan. In spite of its imperfections, Alphabet is actually exhibiting some value stock characteristics, and it has a long road of investor returns ahead of it.
3 Reasons Alphabet Is the Ultimate Value Stock of the Future
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Tres gigantes digitales monopolizan el mercado de la publicidad en Internet
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Google fulmina su último récord de ingresos
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Google shows a remarkable quarterly revenue
Alphabet Inc, the parent company of Google, announced record quarterly revenue and earnings on Tuesday, owing to an increase in advertising expenditure as more people bought online.
Alphabet the parent company of Google, which is the world’s largest source of search and video advertisements, saw its stock rise 3.3 percent in extended trading following the results, which was easily above analyst expectations. Facebook’s stock gained 1.3 percent on Wednesday, as the company competes with Google in digital ad sales and publishes its own statistics.
Image Source: Logicloop Digital
Overall, the top US IT giants had a great day, with Apple and Microsoft both reporting record earnings.