UPDATE 3-Google sales top estimates on ad surge; Alphabet plans $50 billion buyback ...Middle East

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UPDATE 3-Google sales top estimates on ad surge; Alphabet plans $50 billion buyback
Google parent Alphabet Inc on Tuesday beat quarterly revenue estimates and announced a $50 billion share buyback as the recovering economy and surging use of online services combined to accelerate its advertising and cloud businesses. The results are the first sign that Google services may hold on to gains in usage brought on by lockdowns and other pandemic restrictions that forced people to shop and communicate online over the last year.

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