Alphabet Announces Quarterly Results

Posted on April 27, 2021 by Paul Thurrott in Google with 9 Comments

Google parent company Alphabet today announced that it earned a net income of $17.9 billion on revenues of $55.3 billion in the quarter ending March 31. Both represent major gains over the year-ago quarter: Net income shot up by over 2.6 times, while revenues were up 34 percent.

“Over the last year, people have turned to Google Search and many online services to stay informed, connected[,] and entertained,” Alphabet and Google CEO Sundar Pichai said of the quarter. “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.”

$44.7 billion, or 81 percent of Alphabet’s revenues, came from Google’s advertising business. By comparison, Google’s “other” businesses delivered just $6.5 billion in revenues, and Google Cloud landed with $4 billion in revenues.

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Comments (9)

9 responses to “Alphabet Announces Quarterly Results”

  1. jdmp10

    Long short short, business as usual for Alphabet, by that I mean without their Ad business, they would be folding shop.

    • locust_infested_orchard_inc.

      In reply to jdmp10:

      Recall that Adoogle is involved in one the 21st century's greatest evils to fall back upon should it exit the ad business – the business of trafficking, users' data trafficking.

      So much for Google's former corporate motto of, "don't be evil".

    • Paul Thurrott

      I'm not sure about that: 20 percent of $50 billion is still a lot of revenue. But it's fair to say that Google's business is largely related to the success of its advertising business.
  2. jbinaz

    Apparently, spying on people is profitable! ?

  3. bluvg

    "Net income shot up by over 2.6 times"

    Wowza. Does not having to keep the cafeteria stocked with free food really help that much?

  4. F4IL

    Apparently, their advertising revenue was higher than all of msft.

  5. Greg Green

    In reply to locust_infested_orchard_inc.:

    Your more obsessed with apple than apple users.

  6. Greg Green

    Another company with net income really outpacing revenues. What’s the cause of this?