Alphabet reported decline in revenue for the first time in history
Shortpedia
Content Team
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While others posted good numbers, Alphabet reported a 2% decline in quarterly revenue to $38.3 billion and a net income of $6.96 billion. CEO Sundar Pichai claimed that the fall, first in company's history, was due to the "macroeconomic environment caused by the pandemic". "We are working to help people, businesses, and communities in these uncertain times," he added.
