Tag: Financial Reports

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.

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.