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.
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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.
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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.
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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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