Alphabet, the parent company of Google, has released their Q2 2017 financial report and it is, in a word, impressive. The company had earning of $26.01 billion US for the quarter, up some 21% over the same quarter in 2016. This beat analyst expectations which had pegged earnings at just over $25 billion.
Operating income was down to $4.132 billion with an overall operating income margin of 16%. Both of these were down from the same quarter in 2016. Net Income was down to $3.54 billion for the quarter.
Continue reading “Alphabet Q2 Earnings Up 21% to $26.01 Billion”
Alphabet, the parent company of Google, has just posted their first quarter 2017 results and they are nothing short of breathtaking. The company’s revenue was $24.75 billion in the quarter, up 22% from the same period last year, and beat all expectations. Operating income increased to $6.58 billion, up from the $5.3 billion for the previous year. Netted out, the company made $5.4 billion in net income for the quarter.
Digging further, advertising revenues were up for the company in the quarter. They rose to $21.4 billion while the Other Revenue for the company grew by $1 billion to $3.0 billion. The Other Revenue section of the financial report as this is where hardware sales (Google Pixel, Google Home, Chromecast) are lumped together with things such as enterprise sales. An increase here is a good reflection on how those business units are doing overall.
Continue reading “Alphabet Reports $24.75 Billion in Earnings for the First Quarter”
Alphabet, the parent company of Google, posted earnings of $26 billion in the 4th quarter of 2016. That is an increase of 22% over the same period in 2015. Those earning yielded a profit of $5.3 billion for the company which was in increase of $300 million from the previous quarter. As with previous quarterly reports, the banner brand for Alphabet is Google. It lead the way as far as earnings go at $25.8 billion that yielded profits of $7.8 billion for the division.
Adverts continue to be the main revenue stream for the company with $22.4 billion earned from them in Q4 2016. But non-advert revenue also increased to just over $3.4 billion. Google did not break down exactly where this increase came from but undoubtedly the hardware division, who is behind the Google Pixel.
Continue reading “Alphabet Posts $26 Billion in Revenue for Last Quarter”
The parent company of Google, Alphabet, has released their 3rd Quarter earnings report and it is all about Google. The company made some $5.1 billion in profits for the quarter that ended in September with the vast majority of those dollars coming from the flagship brand of the company. Google itself brought in $22.2 billion and made an operating profit of $6.7 billion. That was countered with the other divisions of the company losing $865 million.
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Alphabet, the parent company of Google, has released their 2nd Quarter Financial Year 2016 results today and they are nothing short of impressive. The company showed impressive growth over the same quarter last year with revenue topping out at $21.5 billion that created a $5.86 billion net income (non-GAAP). The revenue growth is up 21% over the same quarter last year while net income was up $1.1 billion.
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Alphabet, the parent company of Google, has just released their financial reports for the first quarter of 2016 and they are impressive. Overall the company had $20.2 billion in revenue for the first three months of 2016 with an overall GAAP Income of $4.2 billion. While the company reports as a whole, the financial press release covers Google separately which is the real telling number. The bottom line is Alphabet is fundamentally Google when it comes to revenue and profits.
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Today Alphabet announced their quarterly earnings and the big news in all of it was that the is now more valuable than the once untouchable Apple.
In their financial report, Alphabet market cap value is $570 billion while Apple’s cap is $535 billion. This is the first time since 2010, before the iPad, that Google has been more valuable than their Silicon Valley competitors.
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Google’s Larry Page has posted a blog post today on the company’s website that is going to come as a bit of a shock for some. Google is about to become a part of an all new start up of Larry and Sergey Brin. The company, Alphabet, will become the parent company of Google along with many of the other projects that will become companies in their own right. It’s a big and ambitious move.
What is Alphabet? Alphabet is mostly a collection of companies. The largest of which, of course, is Google. This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main Internet products contained in Alphabet instead. What do we mean by far afield? Good examples are our health efforts: Life Sciences (that works on the glucose-sensing contact lens), and Calico (focused on longevity). Fundamentally, we believe this allows us more management scale, as we can run things independently that aren’t very related. Alphabet is about businesses prospering through strong leaders and independence. In general, our model is to have a strong CEO who runs each business, with Sergey and me in service to them as needed. We will rigorously handle capital allocation and work to make sure each business is executing well. We’ll also make sure we have a great CEO for each business, and we’ll determine their compensation. In addition, with this new structure we plan to implement segment reporting for our Q4 results, where Google financials will be provided separately than those for the rest of Alphabet businesses as a whole.
The changes coming to Google are not insignificant and they will likely impact many of the services we use today.
Continue reading “Google To Become A Part of Alphabet, A New Company”