Google Cloud recorded a sizable jump in revenue as Alphabet posted its Q1 2021 earnings, which once again beat analysts expectations.
Overall, the company reported Q1 revenues of $55.3 billion, which is an year-on-year increase of 34%. Remarkably, its net income of $17.93 billion this quarter is almost three times of the net income it posted in the same quarter last year.
“Over the last year, people have turned to Google Search and many online services to stay informed, connected and entertained. We’ve continued our focus on delivering trusted services to help people around the world. Our Cloud services are helping businesses, big and small, accelerate their digital transformations,” said Sundar Pichai, CEO of Google and Alphabet.
