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Alphabet Announces First Quarter 2021 Results MOUNTAIN VIEW , Calif . - April 27 , 2021 - Alphabet Inc. ( NASDAQ : GOOG , GOOGL ) today announced financial results for the quarter ended March 31 , 2021 . Sundar Pichai , CEO of Google and Alphabet , said : “ Over the last year , people have turned to Google Search and many online services to stay informed , connected and entertained . We've continued our focus on delivering trusted services to help people around the world . Our Cloud services are helping businesses , big and small , accelerate their digital transformations . " Ruth Porat , CFO of Google and Alphabet , said : " Total revenues of $ 55.3 billion in the first quarter reflect elevated consumer activity online and broad based growth in advertiser revenue . We're very pleased with the ongoing momentum in Google Cloud , with revenues of $ 4.0 billion in the quarter reflecting strength and opportunity in both GCP and Workspace . " Q1 2021 financial highlights The following table summarizes our consolidated financial results for the quarters ended March 31 , 2020 and 2021 ( in millions , except for per share information and percentages ; unaudited ) . Quarter Ended March 31 , 2020 2021 Revenues Increase in revenues year over year Increase in constant currency revenues year over year ( 1 ) Operating income Operating margin $ 41,159 $ 55,314 13 % 34 % 15 % 32 % 7,977 16,437 19 % 30 % Other income ( expense ) , net ( 220 ) 4,846 Net income $ 6,836 $ 17,930 Diluted EPS ᎾᎯ 9.87 $ 26.29 ( 1 ) Non - GAAP measure . See the table captioned " Reconciliation from GAAP revenues to non - GAAP constant currency revenues " for more details .