Google Cloud, YouTube Juices Earnings

As Amazon dropped bombshell news on Tuesday, revealing its chief executive officer’s departure alongside its highest revenues yet, elsewhere in the tech and finance world, another tech giant announced earnings that underscored how good the pandemic, in general, and the holiday period, in particular, were to the sector.

Over the fourth quarter of 2020, Google parent Alphabet saw revenues climb to $56.9 billion, a 23.5 percent increase over the same quarter the year before. The momentum was led by acceleration in Google’s cloud business, whose sales clocked in at $2.6 billion for a 53 percent increase in sales.

By Yahoo Finance