Google has doubled its profits in one year

New York

Worldwide top most IT company Google's revenue increased. Google's parent company Alphabet has announced its latest quarterly profit. It shows that the company has almost doubled its profit in 2021, exceeding expectations.

According to Alphabet, they were making a total profit of $ 40 billion in 2020. And in the last quarter of 2021, the company's profit has increased by 32 percent. Alphabet ended the year with a total profit of $ 76 billion. In other words, they have made almost double the profit than the previous year.

The number of jobs such as online shopping, employment and training has increased significantly during the Covid 19 epidemic. Technology companies like Google, Amazon or Facebook have benefited from this online trend.

Alphabet CEO Sundar Pichai attributed the success to the expansion of the advertising business and the sale of Pixel phones. Google has generated more than $ 61 billion in advertising revenue, most of it from ads displayed on various online search and video platforms. Apart from this, significant profits have also come from Pixel phones.

Corporate Correspondent