Google reports mammoth jump in Fourth Quarter Revenue
The giant search engine platform, Google has reported a mammoth jump in quarterly sales fueled by its search and advertising business.
Revenue at Alphabet, Google’s parent jumped 32 % year over year in the fourth-quarter beating the forecast by Yahoo Finance.
- Alphabet CEO Sundar Pichai has reported a high growth and cited it to the media.
- The Dominance of Google and its online search platform capability has reached new heights.
- There also have been some regulatory proposals that could have unintended consequences.
Google has announced a high growth in its year-on-year profit and cited the profit which is more beyond the prediction of Yahoo Finance. The growth has been reported to be doubled this year after a booming holiday season for the online ads giant facing anti-trust regulatory security.
The giant technology company Google has reported a growth of about 32% which is more than the expectation of many other companies. The company cited the net income of $20.6 billion (INR 1, 54,025 crores) on revenue that grew 32 percent to $ 75 Billion in the final quarter of 2021. The company is ending the year with a total of $76 Billion in profit.
Alphabet’s CEO Sundar Pichai said “strong growth in our advertising business… a quarterly sales record for our pixel phones despite supply constraints, and our cloud business continuing to grow strongly,” he also hailed the employee of google for the company success.
He also told about the rules of the regulations are acting as an obstacle while offering a wide range of services to our users.
Google while being the most favorable search engine for the people and the most popular company is also facing a huge number of cases under the antitrust law of the county.
Scott Kessler, third bridge analyst said “Google has the biggest uphill battle in terms of antitrust issues among all of the big tech companies.”