https://wccftech.com/alphabet-shares-gain-3-following-modest-revenue-growth-in-q1-fy2020/

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Google's parent company has reported its earnings results for the fist quarter of fiscal year 2020. During this time period, the company has earned $41 billion in revenue, marking for 13% growth year-over-year. The ongoing coronavirus outbreak has hit companies across the board hard, and Google itself is no exception given the drop in advertising revenue that is being reported throughout the industry.

Google Ad Revenues were an important part of its earnings report that covered the first quarter of the fiscal year 2019. During that time period, while Alphabet Inc had reported $35 billion in revenue, it's advertising revenue reported as Ad Revenue had dropped significantly. However, the company recovered lost ground in its previous quarter, when it posted 17% year-over-year growth by reporting $46 billion in revenue for the fourth quarter of the fiscal year 2019 and $161 billion in revenue for the full fiscal year 2019.