Google And Parent Alphabet Witnessed Huge Success During Pandemic
Corona continues to determine our everyday life and working life, and the economy is also dominated by the virus. For many IT companies, however, this is not a disadvantage: Microsoft has just presented excellent figures and Google parent Alphabet also fared splendidly.
Alphabet and Google benefit – like the Redmond company – from the fact that our lives have increasingly shifted to the Internet in times of pandemics. However, that was not always inevitable, because Alphabet was one of the few technology giants that posted a (small) minus in sales of around two percent in the previous year.
A dazzling start in 2021
But Alphabet is far from a minus again. On the contrary: to speak of “recovered” would be a huge understatement. Because in the first quarter of 2021, the Google mother wrote sales of 55.3 billion dollars, an increase of a whopping 34 percent. The turnover is almost as high as in the fourth quarter of 2020 and that is certainly remarkable because this is of course the high-turnover Christmas business.
Profits were even higher than the previous quarter, with Alphabet’s bottom line being $ 17.9 billion, up from $ 15.2 billion in the final quarter of 2020.
Cloud with a positive trend
Google’s central and prominent “problem child” is and will remain the cloud business, because it is still losing money. Although sales increased to around four billion dollars, the loss was still 974 million dollars – compared to the last few quarters, one can and must speak of “only”.
Last year we were able to find out for the first time how much YouTube turned over, namely 15 billion in 2020. In the first quarter of the year, it was six billion dollars (4Q20: 6.9 billion dollars), which is a solid increase compared to the quarter a year ago.
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