{"id":10319,"date":"2021-10-29T17:42:00","date_gmt":"2021-10-29T14:42:00","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=10319"},"modified":"2023-06-22T17:43:57","modified_gmt":"2023-06-22T14:43:57","slug":"alphabet-and-microsoft-shares-are-growing-after-q3-performance-was-reported","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2021\/10\/29\/alphabet-and-microsoft-shares-are-growing-after-q3-performance-was-reported\/","title":{"rendered":"Alphabet and Microsoft Shares Are Growing after Q3 Performance Was Reported"},"content":{"rendered":"\n

If you want the juciest details of the quarterly reports of such tech giants as Alphabet<\/a> and Microsoft<\/a> — make yourself comfortable and let's get started.<\/p>\n\n\n\n

<\/span><\/a>Alphabet report for Q3, 2021: revenue from ads keeps growing<\/span><\/h2>\n\n\n\n

Alphabet, the parent company of Google, reported its performance in July-September, 2021 on October 26th, when trades closed. The main financial results exceeded expectations of Wall Street analysts, yet not all the departments did equally well.<\/p>\n\n\n\n

The truth is, Google Cloud service and YouTube ads service did a poor job. The revenue of the cloud service reached $4.99 billion, growing by 45% against last year, but if was still unferior to the forecast $5.07 billion.<\/p>\n\n\n\n

\n

Overall Google revenue made on ads in Q3, 2021 amounts to $53.13 billion.<\/em><\/p>\n<\/blockquote>\n\n\n\n

YouTube ads in Q3 brought Alphabet $7.2 billion, i.e. 43% more than a year ago. However, the forecast was $7.4 billion. As for the revenue from ads in the browsing system, it amounts to $37.93 billion. This is 44% more than in Q3, 2020 and 4% more than the market expected.<\/p>\n\n\n\n

Such impressive growth of ads revenue confirms the words of Alphabet financial director Ruth Porat who promised that changes in the privacy policy of Apple<\/a> would not influence Alphabet revenue from ads noticeably.<\/p>\n\n\n\n

On October 27th, on the next day after the publication, the price of Alphabet class A shares (NASDAQ: GOOGL) grew by 4.96% to $2924.4. Note separately that since the beginning of the year, the shares of the IT giants have grown by 66%.<\/p>\n\n\n\n

<\/span><\/a>Important report details<\/span><\/h3>\n\n\n\n