Alphabet’s financial report from the second quarter of 2021 – a staggering 62% revenue growth


Alphabet’s financial report from the second quarter of 2021 – a staggering 62% revenue growth

Alphabet’s financial report from the second quarter of 2021 – a staggering 62% revenue growth

News unit EMGblog.com : Company Alphabet on Tuesday, July 27 of this year (August 5, 1400), financial report itself from the second quarter of 2021 Published. According to this report, the parent company Google in the season ending in June this year, the revenue is close to 61.9 billion dollars. realized and with a net profit of 18.5 billion dollars, it has earned 27.26 dollars per share. The numbers and figures that indicate a record and a stunning growth of 62% in revenue and a significant increase of 166% in net profit. Although these growth rates have been achieved compared to the critical second quarter of last year, but even regardless of the impact of this factor, Google’s performance still looks brilliant.

Alphabet’s financial report has far exceeded expectations; Because the experts expected a revenue of 56 billion dollars and earnings of 19.14 dollars per share in the second quarter of this year. Sundar Pichai, CEO of Alphabet and Google, said about the company’s performance in the second quarter of this year: “In the second quarter, the trend of online activity increased in many parts of the world, and we are proud to serve many consumers and businesses. has helped Long-term investments in artificial intelligence and Google Cloud have helped us significantly improve everyone’s digital experience.”

Sundar Pichai CEO of Alphabet and Google

Ruth Porat, Chief Financial Officer of Google And Alphabet also cited the company’s $61.9 billion in second-quarter revenue as a reflection of strong growth in online user activity and broader advertiser spending.

As you know, Alphabet’s business areas are diverse, and the performance of these departments in the second quarter of this year is mentioned below.

The results of this report show that the search department is one of the most important The engines driving Alphabet’s growth in the quarter ending June 2021 were; As the income of this sector has increased by more than 14 billion dollars compared to the same period last year, from 21.3 billion dollars to 35.8 billion dollars. This figure shows an increase of nearly 4 billion dollars compared to the first quarter of this year.

In the YouTube sector, Alphabet announced an income of about 7 billion dollars, which compared to the same period last year, from 84% growth and Compared to the previous quarter, it indicates an increase of 1 billion dollars. This increase seems favorable considering the increasing competition of similar platforms. In addition, YouTube itself announced in a separate report that it has reached more than 15 billion global views in the YouTube Shorts section, which shows a growth of 131% compared to 6.5 billion daily views in the quarter ending in March this year.

Cloud services Google also earned 4.6 billion dollars this past quarter. has made it a researcher. A figure that is slightly higher compared to the performance results of Microsoft cloud services (including Azure service). However, as Microsoft’s effort is more focused on generating revenue from this area, investors are predicting more growth for the Mountain View giant. The positive point is that the operating loss of Google’s cloud services department has decreased from 1.4 billion dollars in the second quarter of last year to less than 591 million dollars in the latest quarter, which is a good performance overall.

with this Now, the American super company in the Other Bets division continues to experience losses, and the revenue of 192 million dollars in this part is mainly the result of the performance of Verily and Fiber, which shows a growth of about 30% compared to 148 million dollars in the same period of last year. In addition, the series of trials and errors of this sector resulted in a loss of 1.4 billion dollars in the past season, which seems a significant figure compared to the loss of 1.12 billion dollars last year. Of course, with an operating income of 19.4 billion dollars, which it has generated during this time period, Alphabet will be able to cover well the expenses related to research and development and finance the need of projects that may be profitable in the future.

Google its revenue from hardware products such as Pixel phones, smart speakers, store Play Store and Google Other announced non-advertising revenues of $6.6 billion, a 29 percent increase from $5.12 billion in the same period last year. Now it remains to be seen how the possible release of the Pixel 6 Pro phone and perhaps a smart watch later this year will affect Google’s hardware revenue.

During this time, Google’s stock buyback program has also been modified, although the scope of these changes Not enough to affect ordinary investors. Therefore, it can be concluded from the content of Alphabet’s report that the American holding has been successful in maintaining its shares and market value, in general.

Previous Microsoft's financial report for the quarter ending June 2021 - earnings beat expectations
Next Samsung Q2 2021 Financial Report – Record-breaking revenue for the second quarter

No Comment

Leave a reply

Your email address will not be published.