Sunday, September 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Comcast is the Winner in Auction for Sky
Fujitsu Algorithm Achieves Compresses Images by 1,000:1
Samsung Galaxy J4+ and J6+ Launched in India
Renesas to License Chip IP As It Seeks For New Revenue Sources
Razer Ifrit Packs a Professional Quality Microphone into a Low-profile Broadcast Headset
Micron, Toshiba Chips Found Inside New iPhones
3DMark Adds Ray tracing Benchmark
Adobe to Acquire Marketo for $4.75 Billion
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
Facebook, Google Face EU Fine if Extremist Content Stay Online For Over an Hour
Google and Samsung Collaborate on RCS Messaging for Android
Google to Unveil the Pixel 3 in October 9
Google Makes it Easier to Discover Datasets
Amazon's Huge Client Base Attracts More Online Advertisers
This is Probably the Google Pixel 3 XL
New Google Tool Spots Child Abuse in Photos
Google Uses Credit Card Data to Track Retail Sales
LG TVs With AI ThinQ to Get Google Assistant
Google Removes Blogs and YouTube Accounts Linked to Iran
Updated Google Fit is Built Around Move Minutes and Heart Points
Google Tracks Your Movements No Matter What

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 .