Alphabet’s Google posts record sales as retailers shell out for ads

Alphabet’s Google posts record sales as retailers shell out for ads

(Reuters) – Google parent Alphabet Inc on Tuesday topped quarterly sales expectations for its advertising and Cloud businesses, helped in part by the pandemic, and said it will resume big spending on hiring and facility construction.

FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration

Alphabet shares jumped about 8% to $2,067 in extended trading.

Google, which generates more revenue from internet advertising than any…


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