(Alphabet Inc.) Alphabet Inc. reported $61.9 billion in revenue for the second quarter ended 30th June, a 62% increase compared to $38.2 billion reported last year.
The net income of the company was $18.5 billion, an increase from $ 6.9 billion reported in the second quarter of 2020.
Alphabet reported basic earnings per share of $27.69, a jump from $10.21 reported last year.
Diluted EPS was $27.26 in the second quarter compared to $ 10.13 recorded in the second quarter of 2020.
Alphabet’s board approved a share repurchase of an additional $50 billion in class A and C in the share repurchase program.
Alphabet’s CEO Sundai Pichai has attributed the growth in earnings to the global increase in online activities and a rise in corporate advertising expenditure.
GOOGL: NASDAQ is up +3.87% on premarket.
