Ammon News - Google's (GOOGL) parent company Alphabet reported revenue of $61.9 billion for the quarter ended June 30, a staggering 62 per cent jump from the same quarter last year and significantly higher than analysts had expected. The company's profits more than doubled to $18.5 billion.

Much of that growth was driven by a rebound in Google's core advertising business, which posted revenue of $50.4 billion a 69% increase from the year prior, according to CNN.

Ad revenue from the company's video platform YouTube surged 84 per cent to $7 billion.

"In Q2, there was a rising tide of online activity in many parts of the world, and we're proud that our services helped so many consumers and businesses," Alphabet and Google CEO, Sundar Pichai, said in a statement