Greg Sterling says, “After a Q1 that disappointed investors somewhat, Google parent Alphabet delivered a big quarter yesterday. The company announced revenues of $21.5 billion, which represented 21 percent growth year-over-year and beat analysts’ consensus estimates by more than $700 million.

Paid clicks were up nearly 30 percent, which was also an expectations beat. However, CPCs were off 7 percent. Traffic acquisition costs were roughly $4 billion, up 18 percent, representing 21 percent of total ad revenue.

Google segment revenue was approximately 99 percent of total revenue”.

Google revenues climb 21 percent to $21.5 billion, powered by mobile

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