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

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

By Paresh Dave and Munsif Vengattil

(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.

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

Google, which generates more revenue from internet advertising than any other company, benefited from lockdowns that drove retail and other clients online, helping…


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