365NEWSX
365NEWSX
Subscribe

Welcome

Alphabet crushes Q2 earnings estimates as Google Cloud cuts losses, grows 54% - TechCrunch

Alphabet crushes Q2 earnings estimates as Google Cloud cuts losses, grows 54% - TechCrunch

Alphabet crushes Q2 earnings estimates as Google Cloud cuts losses, grows 54% - TechCrunch
Jul 27, 2021 31 secs

The search-and-services company posted revenues of $61.9 billion in the June 30, 2021 quarter, net income of $18.5 billion, and earnings per share of $27.26.

YouTube’s reported revenue of $7 billion is up 84% year over year.

Google Cloud reported revenue of $4.6 billion, up 54% year over year.

Google Cloud cut its operating loss from $1.4 billion in the year-ago Q2 to a far more modest $591 million deficit in its most recent quarter.

But the collection of trials and errors lost $1.4 billion in the quarter, up from $1.1 billion in the corresponding year-ago period.

The real story, however, is in the epic gains that Alphabet posted in operating income from Q2 2020 to Q2 2021?

Summarized by 365NEWSX ROBOTS

RECENT NEWS

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2024 365NEWSX - All RIGHTS RESERVED