Alphabet result spells strong session on Wall Street

Thu, 04 Feb 2021

Google owner Alphabet has reported its full-year result with chief executive Sundar Pichai highlighting the “helpfulness” of Google’s products in its strong result.Alphabet booked revenues of US$56.9 billion for the year ended Dec. 31 and pointed to search and Youtube as driving its financial performance. Shares in the tech giant rose more than 7 percent on the Nasdaq and helped to push the overall index to 13,691.08, up 0.58 percent, or 78.03, at about 8am in Wellington.Google, like Facebook and, to a lesser extent, Yout...

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