Google-parent Alphabet profit soars on ads and cloud

Author: AFP/APP

San Francisco: Google-parent Alphabet on Tuesday reported that its profit nearly doubled last year, beating expectations for the final three months of 2021 thanks to ads and cloud computing.

The tech giant had a net income of $20.6 billion on revenue that grew 32 percent to $75 billion in the final quarter of 2021, ending the year with a total of $76 billion in profit.

Share
Leave a Comment

Recent Posts

  • Op-Ed

Legislative Developments in Compliance with UNCRC

In August 2023, Pakistan submitted its consolidated sixth and seventh periodic reports to the UNCRC…

41 mins ago
  • Op-Ed

Trump Returns: What It Means for Health in Pakistan

United States presidential election was held on Tuesday, November 5, 2024, in which Donald Trump…

41 mins ago
  • Op-Ed

A Self-Sustaining Model

Since being entrusted to the Punjab Model Bazaar Management Company (PMBMC) in 2016, Model Bazaars…

42 mins ago
  • Op-Ed

Lahore’s Smog Crisis

Lahore's air quality has reached critical levels, with recent AQI (Air Quality Index) readings soaring…

45 mins ago
  • Editorial

Fatal Frequencies

Fog, smog or a clear sunny day, traffic accidents have sadly become a daily occurrence…

47 mins ago
  • Editorial

Climate Crisis

PM Shehbaz Sharif has stressed the urgent need for developed nations to take responsibility for…

48 mins ago