Monday, July 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung to Showcase Large QLED, microLED TVs Net Year
Google, Facebook, Microsoft, and Twitter Partner on New Data Project
Foxconn Breaks Ground in In Wisconsin Plant, Looks at AI and Beyond Apple
Western Digital and Toshiba Begin Sampling 96-layer QLC NAND
Cloud Services Keep Boosting Microsoft's Revenue
Comcast Won't Pursuit Fox assets, Focuses on Sky Offer
EU to Probe Qualcomm Over Pricing Case
Google's Project Fuchsia Could Be The Successor of Android Successor to Android
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Alphabe...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, July 25, 2017
Alphabet Earns More Cash Despite Antitrust Fine


Alphabet Inc., the owner of Google and YouTube, reported a 21 percent jump in quarterly revenue on Monday, maintaining a growth rate

Alphabet said it made $3.5 billion in net income on sales of $26 billion. The profit would have been much larger but for a record $2.7 billion European Union antitrust fine.

Still, the company noted that costs were rising faster than sales and warned that expenses would remain high as more searches shift to mobile devices.

Alphabet's cost of revenue, a measure of how much money the company must spend to keep its platforms running before added costs such as research, rose 28 percent, well above the growth in revenue itself.

With its latest profits, Alphabet reported $15.7 billion in cash and cash equivalents, and another $79 billion in marketable securities.

This year, Google is expected to have $73.75 billion in net digital ad revenue worldwide while Facebook is expected to take in $36.29 billion, according to research firm eMarketer.

Sundar Pichai, chief executive officer of Google, said that Google would fight to continue bundling its Android operating system with popular smartphone apps such as Google Maps -- a practice the EU antitrust officials are investigating.

Pichai was also appointed to the Alphabet board of directors on Monday.

Most of Google's growth comes from mobile search ads, YouTube marketing spots and automated marketing called programmatic campaigns.

Google's ad revenue rose 18.4 percent to $22.67 billion. Revenue from other Google products, a category that includes the Pixel smartphone, the Play Store and Google's cloud business, rose 42.3 percent to $3.09 billion. Alphabet competes in the cloud business with tech companies Amazon.com and Microsoft.

Losses from other Alphabet units - an array of businesses known as "other bets" that includes the Waymo self-driving car company, thermostat-maker Nest and the life sciences firm Verily - narrowed to $772 million from $855 million a year earlier.



Previous
Next
SK hynix Reports Record Q2 Results on Strong Chip Sales        All News        Spotify Close to Deal With Warner - sources
SK hynix Reports Record Q2 Results on Strong Chip Sales     General Computing News      Spotify Close to Deal With Warner - sources

Get RSS feed Easy Print E-Mail this Message

Related News
Google's Project Fuchsia Could Be The Successor of Android Successor to Android
European Commission Fines Google $5 billion For Illegal Practices Regarding Android Devices
Twitter, Facebook, Alphabet to Testify at U.S. House hearing
Google's Head Chip Designer Moves to Facebook
Google Hotel Ads Become Part of Google Ads
Project Loon and Wing Become Alphabet's Newest Bets
Google Puts Machine Learning in the Hands of Advertisers
House Republicans Query Apple and Alphabet on Data Practices
Antitrust Fines on Android to Be Announced Soon
Google Said to Launch New 'Yeti' Gaming Platform
Google to Add Security Metadata to Google Play Apps
Google Introduces New Brand Names for DoubleClick and AdWords

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .