(Bloomberg) — Alphabet Inc. shares surged after first-quarter results and upbeat executive comments showed the company’s cloud and YouTube businesses kept growing in the midst of the Covid-19 pandemic.Sales came in at $33.71 billion, up 14% from a year ago and ahead of Wall Street estimates. YouTube revenue jumped 33.5%, while Google Cloud’s top line soared 52%.“Results came out better than the market expected, with strong metrics in Google Cloud and YouTube,” Jason Bazinet, an analyst at Citigroup, wrote in a note to investors.The world’s largest internet company has been trying to diversify away from search advertising for years by …read more
Source:: Yahoo Finance
