Google Holding Company Increases Sales and Profit "Results of Investment in AI and Cloud"

Google Holding Company Increases Sales and Profit "Results of Investment in AI and Cloud" February 9 at 9:17

In the three months to December last year, a major IT company in the United States, a holding company under the umbrella of Google, increased both sales and net profit, resulting in higher sales and profits.

Alphabet, a holding company that owns Google, announces earnings on the 3rd, and results for the three months from October to December last year were $ 46 billion, an increase of 17% over the same period in the previous year. Net income increased by 19% to $ 10.6 billion (more than ¥ 1.1 trillion).

"We are continuing to invest in artificial intelligence and the cloud," commented CEO Sunder Pichai.

The capitalization of the alphabet stock price multiplied by the number of shares issued last month exceeded $ 1 trillion, joining Apple and Microsoft in the "1 trillion dollar club", affected by the new coronavirus It has impressed the strength of IT companies despite the volatile price movements in the stock market.