NEW YORK, Feb. 1 (Xinhua) — Google’s parent company Alphabet Inc. announced on Tuesday the 2021 fourth-quarter revenue of 75.3 billion U.S. dollars, up 32 percent year over year.

Alphabet generated about 257.6 billion dollars in revenue during the fiscal year, representing a growth of 41 percent.

Alphabet yielded 30.7 dollars of earnings per share in the fourth quarter. Its quarterly net income was 20.6 billion dollars, with the full-year net earnings being 76.0 billion dollars.

The results reflected broad-based strength in advertiser spend and strong consumer online activity, as well as substantial ongoing revenue growth from Google Cloud, the company said.

Google Services total revenue hit 69.4 billion dollars for the fourth quarter, compared with 52.9 billion dollars in the same period of 2020.

“Our deep investment in AI technologies continues to drive extraordinary and helpful experiences for people and businesses, across our most important products. Q4 saw ongoing strong growth in our advertising business, a quarterly sales record for our Pixel phones despite supply constraints, and our Cloud business continuing to grow strongly,” said Sundar Pichai, CEO of Alphabet and Google.

The company also announced plans for a 20-for-1 stock split as part of its quarterly earnings statement.