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Page 17 - நிக்கோல் பெர்ரின் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pandemic Lifestyle Delivers Earnings Boon For Amazon, Google

Alphabet Inc reports record profit in the fiscal fourth quarter

The tech giant generated £33.99 billion of ex-TAC revenue in Q4. Total advertising revenue stood at £33.82 billion in the recent quarter. Alphabet Inc. (NASDAQ: GOOGL) reported its financial results for the fiscal fourth quarter on Tuesday that beat Wall Street estimates despite the ongoing COVID-19 crisis. Alphabet shares were reported about 6% up in extended trading on Tuesday. The stock is now trading at £1,494.90 per share versus a low of £772 per share in March 2020. The price action should come in handy if you are interested in investing in the stock market. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

Alphabet profit rockets, fueled by Google ads

(FILES) In this file photo taken on June 05, 2005 the logo of internet search engine company Google hadquarters is seen n Mountain View in Silicon Valley, south of San Francisco. (Photo by Nicholas KAMM / AFP) Google parent Alphabet on Tuesday reported that its quarterly profit rocketed some 50 percent to $15.2 billion at the end of last year as its digital ad business thrived. Alphabet revenue in the final three months of last year hit nearly $57 billion, compared with $46 billion in the same period in 2019, according to the internet titan. The strong quarter “was driven by Search and YouTube, as consumer and business activity recovered from earlier in the year,” Alphabet chief financial officer Ruth Porat said in the earnings release.

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