Google parent Alphabet quarterly revenue beats estimates

Canada

FILE PHOTO: The logo of Google is seen in Davos, Switzerland Januar 20, 2020. Picture taken January 20, 2020. REUTERS/Arnd Wiegmann

(Reuters) – Google parent Alphabet Inc (GOOGL.O) beat Wall Street estimates for first-quarter revenue on Tuesday, recording 13% growth even as companies drastically slashed spending during the coronavirus crisis.

Revenue rose to $41.2 billion from $36.34 billion a year-ago. (bit.ly/2Ylfuoh)

Analysts on average had expected revenue of $40.3 billion, according to IBES data from Refinitiv.

Reporting by Paresh Dave in San Francisco and Munsif Vengattil in Bengaluru; Editing by Bernard Orr

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