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Google beat sales expectations despite pandemic

Google's parent company has revealed sales are better than expected for the first quarter of 2020.

Alphabet - which became the search engine giant's parent firm in 2015 - has warned of a "significant slowdown" of revenue for last month due to the coronavirus pandemic, but it has managed to weather the storm.

For the first quarter - which ended on March 31 - the tech company's revenue grew by 13%, with $41.15 billion sales compared to analyst's predictions of $40.33 billion.

Howveer, CEO Sundar Pichai revealed the contrast was a "tale of two quarters", with Thomson Reuters noting that earnings per share were at $8.87 rather than the expected $10.33.

In a statement, Pichai added: "Given the depth of the challenges so many are facing, it's a huge privilege to be able to help at this time.

"People are relying on Google's services more than ever and we've marshaled our resources and product development in this urgent moment."

Although the revenue expectations were exceeded for the first quarter, Alphabet's CFO Ruth Porat has warned a slide in sales could be on the way.

In a statement, she commented; "Performance was strong during the first two months of the quarter, but then in March we experienced a significant slowdown in ad revenues.

"We are sharpening our focus on executing more efficiently, while continuing to invest in our long-term opportunities."

However, she added on the call: "We anticipate the second quarter will be a difficult one for our advertising business."

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