Alphabet Inc-CL C's parent company, Alphabet, released its second-quarter results after U. S. stocks opened on Tuesday, Eastern time. The financial report shows

• Alphabet achieved revenue of $61.88 billion in the second quarter, an increase of 62% over the same period last year, higher than the market expectation of $56.16 billion.

• Net profit under GAAP caliber was $18.525 billion, an increase of 166% over the same period last year.

• Earnings per share (EPS) was $27.26, nearly 2.70 times EPS's $10.13 in the same period last year, and above market expectations of $19.35.

Alphabet Inc-CL C's total advertising revenue in the second quarter was $50.444 billion, up 69 per cent from a year earlier. Of this total, Alphabet Inc-CL C's search and other revenue was $35.845 billion, up from $21.319 billion in the same period last year; YouTube's advertising revenue was $7.002 billion, up from $3.812 billion in the same period last year; and Alphabet Inc-CL C's online revenue was $7.597 billion, up from $4.736 billion in the same period last year. Alphabet Inc-CL C's cloud camp received 4.628 billion US dollars, an increase of 53.9 percent over the same period last year.

Alphabet CEO Sandal Pichai (Sundar Pichai) said: "online activity was on the rise in many parts of the world in the second quarter, and we are proud that our services have helped so many consumers and businesses. Our long-term investments in artificial intelligence and Google Cloud are helping us drive significant improvements in everyone's digital experience. "

Ruth Porat, chief financial officer of Alphabet Inc-CL C, said: "our strong revenue of $61.9 billion in the second quarter reflects an increase in consumer online activity and broad growth in advertisers' spending. Similarly, we benefit from the excellent execution of the team. "

After the announcement of the results, Alphabet Inc-CL C's US stock rose more than 3% after trading and is now up 0.86% temporarily.