Google’s parent blasted through an earlier pandemic-fueled slow patch, returning to the steady growth that made the tech conglomerate one of the corporate world’s most stable bets.
Alphabet Inc. reported profit of $11.2 billion, well outstripping analyst estimates. As importantly, digital-advertising revenue of $37.1 billion was up compared with last year, marking a turnaround from a quarter earlier, when the company recorded the first drop in the category in company history.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: