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Alphabet revenues rise 22% in Q4 marked by record contribution from Google Other, higher expenses
2019-02-05 09:00:00| Telecompaper Headlines
(Telecompaper) Alphabet, the parent company of Google, said revenues for the fourth quarter reached USD 39.276 billion, up 22 percent year-on-year or by 23 percent without currency effects. Growth was in line with past quarters. For the operating profit, it slowed a bit, rising 7.0 to USD 8.203 billion. The figure includes USD 9.70 billion generated by Google and a loss of USD 1.33 billion generated by the Other Bets, much higher than the year before's loss of 748 million. The net profit increased to USD 8.948 billion against the loss of 3.020 billion. The result suffered this year from higher interest charges but benefited from lower taxes. The loss the year before was caused by the impact of the Tax Act. Meanwhile, the revenue contribution of Google Other, investments, liquidity and workforce numbers all grew to record levels.
Tags: other
google
record
higher
Alphabet shares drop despite 22% sales rise
2019-02-05 00:44:57| BBC News | Business | UK Edition
The owner of Google beat revenue forecasts but it also revealed a sharp rise in spending.
Alphabet revenues advance 21% in Q3 boosted by mobile search
2018-10-26 09:16:00| Telecompaper Headlines
(Telecompaper) Google parent company Alphabet reported stronger revenues and profit in the third quarter, with the positive momentum helped by mobile search and a lower effective tax rate. Revenues rose to USD 33.74 billion, up 21 percent from the year before and by 22 percent in constant currency terms. The operating profit advanced 25 percent to USD 8.31 billion, though the margin slid to 25 percent from 28 percent. The net profit jumped to USD 9.19 billion from 6.73 billion, with diluted earnings per share going to USD 13.06 from 9.57. The effective tax rate was lower at 9 percent from 16 percent year-on-year.
Tags: search
mobile
advance
revenues
Alphabet surprises as ad sales beat forecasts
2018-07-23 23:39:12| BBC News | Business | UK Edition
Google's parent company is facing a record penalty in the EU which knocked $5bn off its profits.
Tags: sales
beat
alphabet
forecasts
Alphabet revenues jump 26% in Q1, helped by new accounting rules, currency effects
2018-04-24 08:44:00| Telecompaper Headlines
(Telecompaper) Google parent company Alphabet said revenues for the first quarter jumped 26 percent from the year before to USD 31.15 billion, helped by currency fluctuations. On a constant currency basis, revenues went up 23 percent in the quarter. The net profit leaped to USD 9.40 billion from 5.42 billion, with diluted earnings per share rising to USD 13.33 from 7.73, helped by new accounting standards, which change how companies report equity investments. Without these changes, the net profit would have reached USD 7 billion and diluted EPS around USD 9.93.
Tags: jump
rules
effects
accounting
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