Thursday, 30 July 2020

Alphabet Q2 revenues flat year-over-year as its businesses heal from coronavirus nadir

Uncertainty remains in the crystal ball, though

The financial casualties of coronavirus pandemic have been revealed across the companies of Alphabet as the group recorded a 30% tumble in net income in the second quarter compare with the same period the previous year. Still, with as many diverse holdings as it has, things aren't as bad for Google's parent company as they seem — at least for the time being.

Alphabet's net revenue for the quarter ending June 30 was $38.3 billion, just about flat from 2019.

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Alphabet Q2 revenues flat year-over-year as its businesses heal from coronavirus nadir was written by the awesome team at Android Police.



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