Rich way Information on April 28, Alphabet Inc-CL C announced after the U. S. stock market results for the first quarter of 2021 ending on March 31, 2021. The financial report shows that:

• The company's Q1 revenue totaled $55.314 billion, up 34% from a year earlier, the biggest increase in at least 11 quarters and more than double revenue growth in the first quarter of last year.

• Q1's operating profit was $16.437 billion, up 30 per cent from a year earlier, while operating margins rose further to 30 per cent from 28 per cent in the previous quarter.

• Q1's net profit was $17.93 billion, compared with $6.836 billion in the same period last year; earnings per share were $26.29, up nearly 82% from a year earlier and surpassing the all-time high of $22.30 set in the fourth quarter of last year.

• Traffic acquisition cost (TAC) for the quarter was $9.712 billion, down from $10.47 billion in the fourth quarter of last year. TAC accounted for 21.7% of advertising revenue, down from 22.1% in the same period last year and 22.7% in the fourth quarter of last year.
  

In the first quarter of this year, the revenue of Alphabet Inc-CL C's cloud computing department was $4.047 billion, finally breaking the $4 billion mark and basically in line with market expectations of $4.07 billion, an increase of nearly 46% over the same period last year, maintaining the larger growth trend of previous quarters and an increase of 5.6% from the previous quarter.

Google is still burning money, but the loss has narrowed significantly, with an operating loss of $974 million in the quarter, a loss of $1.243 billion in the fourth quarter of last year, and a huge loss of $1.73 billion in the first quarter of last year. For the whole of 2020, Alphabet Inc-CL C's operating losses totaled $5.607 billion, up from $4.645 billion and $4.348 billion in 2019 and 2018.

Sundar Pichai, chief executive of the company, said that over the past year, people forced to stay at home have turned to Alphabet Inc-CL C search and many online services to learn about the outside world, connect with each other and engage in entertainment activities. Alphabet Inc-CL C Cloud Service is helping large and small companies accelerate their digital transformation.

Ruth Porat, chief financial officer, said total quarterly revenue reflected an increase in online consumer activity and a broad increase in revenue from advertisers. Alphabet Inc-CL C Yun earned 4 billion US dollars in the quarter, and the epidemic situation highlights the great potential for the development of cloud business.

In terms of stock price, the company's shares are up more than 4% in after-hours trading.