Google Keeps Printing Money: Up 23% YoY & Search Up 17%

Google presented impressive earnings closing night showing their revenue became up 23% year-over-year. If you merely see on the Google Search category, Google earned $31,903M in Q4 2020 when compared to $27,185M in Q4 2019, that could be a 17% create bigger. Total revenue became up 23% with YouTube doing particularly well.

Sundar Pichai, CEO of Google and Alphabet, said: “Our sturdy results this quarter replicate the helpfulness of our merchandise and services to of us and agencies, to boot because the accelerating transition to online services and the cloud. Google succeeds after we assist our customers and companions prevail, and we see fundamental opportunities to forge meaningful partnerships as agencies increasingly more see to a digital future.” Ruth Porat, CFO of Google and Alphabet, said: “Our sturdy fourth quarter efficiency, with revenues of $56.9 billion, became driven by Search and YouTube, as client and industry exercise recovered from earlier in the year. Google Cloud revenues were $13.1 billion for 2020, with fundamental ongoing momentum, and we remain centered on turning in rate right during the enhance opportunities we see.”

Google even kept on alongside side staff from 118,899 to 135,301 staff as of December 31, 2020.

It is amazing how these corporations are doing so well with the economic system overall now not doing well the least bit. Yes, I obtain Wall Road works in every other case.

You can maybe also scan the final headlines from the financial papers on Techmeme.

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