Alphabet Cl A Beats
Alphabet Cl A (GOOGL) reported 1st Quarter March 2021 earnings of $26.29 per share on revenue of $55.3 billion. The consensus earnings estimate was $15.66 per share on revenue of $51.4 billion. The Earnings Whisper number was $17.38 per share. Revenue grew 34.4% on a year-over-year basis.
Google Inc is a web search and online advertising company. The Company offers search, online advertising, operating systems and platforms, enterprise and hardware products.
Alphabet Announces First Quarter 2021 Results
MOUNTAIN VIEW, Calif. – April 27, 2021 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2021.
Sundar Pichai, CEO of Google and Alphabet, said: “Over the last year, people have turned to Google Search and many online services to stay informed, connected and entertained. We’ve continued our focus on delivering trusted services to help people around the world. Our Cloud services are helping businesses, big and small, accelerate their digital transformations."
Ruth Porat, CFO of Google and Alphabet, said: “Total revenues of $55.3 billion in the first quarter reflect elevated consumer activity online and broad based growth in advertiser revenue. We’re very pleased with the ongoing momentum in Google Cloud, with revenues of $4.0 billion in the quarter reflecting strength and opportunity in both GCP and Workspace.”
For the full earnings release, please go here