Google grows cloud sales as parent's profits top $40bn : vim

Google grows cloud sales as parent's profits top $40bn


Google grows cloud sales as parent’s profits top $40bn
Alphabet announces massive overall profits and increased Google cloud sales
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Published: 03 Feb 2021 11:57
Google parent Alphabet reported a profit of $41.2bn for the full year 2020 as total sales of advertising soared.
The company’s total sales in 2020 reached $182.3bn after its fourth-quarter sales, at $57bn, were 23% higher than the same period in 2019. Advertising accounting for most of this ($168bn).
Alphabet’s Google cloud computing business made over $13bn in sales for the full year, compared to $8.9bn in 2019, but the division reported a loss of $5.6bn during the period – about $1bn more than the year before.

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