Parent company Google allocates 70 billion to reward shareholders | Economy

Quarterly revenues totaled $68 billion. That is almost a quarter more than the turnover achieved in the first three months of last year. The company owes this strong growth in part to good business with the cloud branch.

Advertisements also made more money. Advertising growth could probably only have been greater if there wasn’t so much economic uncertainty in the world, according to a statement by financial director Ruth Porat. Below the line, the group also had less profit with more than 16 billion dollars (15 billion euros). A year ago, the result was still almost 18 billion dollars.

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