Announcing its financial results for the quarter ended March 31, 2021, the company said that its net income was 17.93 billion dollars or 26.29 dollars earnings per diluted share, compared with 6.84 billion dollars or 9.87 dollars earnings per diluted share in the same period of 2020.
Among the entire quarterly revenue of 55.3 billion dollars, a total of 51.2 billion dollars came from Google-related business and YouTube advertising, according to the company's financial report.
"Total revenues of 55.3 billion U.S. dollars in the first quarter reflect elevated consumer activity online and broad-based growth in advertiser revenue," said Ruth Porat, the chief financial officer of Alphabet and Google.
The quarterly report also showed that Google Cloud sales grew to 4.0 billion dollars from 2.8 billion dollars in the same period of 2020.
"We're very pleased with the ongoing momentum in Google Cloud, with revenues of 4.0 billion U.S. dollars in the quarter reflecting strength and opportunity in both GCP (Google Cloud Platform) and Workspace," Porat noted.
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