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  1. Alphabet announces Q4 2020 earnings with $56.9B in revenue Google’s parent company Alphabet today announced its earnings for the fourth quarter of 2020 ending December 31, 2020. The company reported revenues of $56.898 billion, a 23% increase from the same quarter last year. The company made $182.527 billion in revenue for fiscal year 2020, up form $161,857 billion in 2019. Unsurprisingly, the largest chunk of its quarterly revenues came from Google, which accounted for $52.873 billion, increasing by a little more than 22% over the same quarter l
  2. (Reuters) - Alphabet Inc’s life sciences division Verily said on Friday that it was putting on hold one of its oldest and highest-profile projects, a smart contact lens designed to help monitor sugar levels. The project, started in 2014, aimed to help diabetics better manage their blood sugar levels by embedding sensors on a contact lens to monitor the glucose levels in their tears. In a blog update, Verily cited here insufficient consistency in the correlation between tear glucose and blood glucose concentrations to support the requirements of a medical de
  3. Google's parent company, Alphabet, has overtaken Apple as the company with the most cash on hand. Alphabet had $117 billion in financial reserves at the end of the most recent quarter, while Apple had $102 billion. Both companies have recently come under pressure to deploy their massive cash holdings. After holding the title for more than a decade, Apple has been dethroned as the king of cash by Alphabet. The Google parent's holdings of cash and marketable securities, net of debt, topped $117 billion in the most recent quarter, exceeding Apple'
  4. Reuters) - Alphabet Inc shares fell 4% on Tuesday after the search giant posted its first holiday-quarter revenue miss in five years, even as new disclosures on the company’s smaller YouTube unit were warmly welcomed by Wall Street. The company’s market value slipped below the trillion-dollar level on a day broader markets were strongly higher. At least 11 analysts, however, raised their price targets on the stock, saying the company’s prospects remained strong. “While the mix of ad revenue differs from expectations, we believe it shows the sus
  5. Alphabet reports $41.16B in revenue, once again driven by Google ads Today, Google's parent company Alphabet announced its earnings for the first calendar quarter of 2020, reporting $41.159B in revenue. Unsurprisingly, the bulk of that comes from Google itself, with Google offering $40.975B. $135 million and $49 million came from other bets and hedging gains, respectively. Total growth in revenue is 13%. As usual, the vast majority of it all comes from Google advertising. Google's ads accounted for $33.763B in revenue for 10% growth year-over-year
  6. Alphabet announces its second quarter earnings with $38.3B in revenue Today, Google parent company Alphabet announced its earnings for the second quarter of 2020. For the quarter, it took in $38.297 billion in revenue, a modest decline from the same quarter last year, where it took in $38.944 billion. "In the second quarter our total revenues were $38.3B, driven by gradual improvement in our ads business and strong growth in Google Cloud and Other Revenues," said Ruth Porat, Chief Financial Officer of Alphabet and Google. "We continue to navigate
  7. Sundar Pichai becomes CEO of Alphabet and Google, as Larry Page steps down The co-founders are out at Alphabet, and one CEO now rules Google and Alphabet. Google co-founder Larry Page. Justin Sullivan / Getty Images Google and Alphabet co-founders Larry Page and Sergey Brin are no longer executives at Alphabet or Google. The Alphabet CEO and president, respectively, have announced they are leaving their positions. Current Google CEO Sundar Pichai will take over as CEO of both Google and Google's parent company, Alphabet. Pag
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