Google's Parent Company Alphabet Sees 62% Revenue Surge in Q2 2021

Google's Parent Company Alphabet Sees 62% Revenue Surge in Q2 2021

Google‘s parent company Alphabet continues to grow throughout 2021, see a staggering 62 percent increase in revenue over the second quarter year-over-year.

Bringing in $61.9 billion USD in Q2, the sum also trumps the previous $55.3 billion USD in revenue over the last quarter. Net income rose even more significantly from $7 billion USD to $18.5 billion USD compared to the same period a year ago. CEO Sundar Pichai attributes the company’s success largely to increased online activity during the COVID-19 pandemic.

“In Q2, there was a rising tide of online activity in many parts of the world, and we’re proud that our services helped so many consumers and businesses,” said Pichai in a statement. “Our long-term investments in AI and Google Cloud are helping us drive significant improvements in everyone’s digital experience.”

“Our strong second-quarter revenues of $61.9 billion reflect elevated consumer online activity and broad-based strength in advertiser spend. Again, we benefited from excellent execution across the board by our teams,” the company’s CFO Ruth Porat added.

In related news, Microsoft also saw its revenues grow 47 percent over the past quarter.
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