Covid-19: Alphabet logs $41.2 bn revenue in Q1, expects tough 2nd quarter

Google's 'other revenue' segment logged $4.4 billion in revenue, compared to $3.6 billion a year ago

Despite coronavirus pandemic ravaging businesses after businesses, Googles parent company Alphabet logged $41.2 billion in first quarter (January-March period) sales, beating Wall Street expectations of $40.3 billion and earning $6.8 billion in profit.

Advertising sales made up 82 per cent of Alphabet's total revenue with $33.8 billion, up from $30.6 billion last year.

Alphabet shares were up 4 per cent after the company reported its first quarter earnings.

"Given the depth of the challenges so many are facing, it's a huge privilege to be able to help at this time," Sundar Pichai, Chief Executive Officer of Alphabet and Google, said