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Google Q2 profit hit by EU fine but cash position unaffected

2018-07-24 09:01:00| Telecompaper Headlines

(Telecompaper) All operations contributed to the strong results, with Google segment revenues, including Nest, rising to USD 32.512 billion from 25.913 billion the year before, including advertising revenues lifting to USD 28.087 billion from 22.672 billion. Segment revenue also includes non-advertising revenue, including cloud computing services, Pixel-branded smartphones and the Play store; these advanced to USD 4.425 billion from 3.241 billion. Revenues from "Other Bets" leaped to USD 145 million from 97 million; this stream includes Verily, Google Fiber and Waymo. 

Tags: google position hit fine


Google Adds Kubernetes to Rebranded Cloud Marketplace

2018-07-19 14:00:00| TechNewsWorld

Google has announced the rebranding and expansion of its Cloud Launcher platform. Going forward, it will be known as the "Google Cloud Platform Marketplace," or "GCP Marketplace." It will offer production-ready commercial Kubernetes apps, promising simplified deployment, billing and third-party licensing. Google's goal is to make containers accessible to everyone, especially the enterprise.

Tags: google marketplace adds cloud


Google fined EUR 4.3 billion for abusing dominant position in Android market

2018-07-18 13:00:00| Telecompaper Headlines

(Telecompaper) The European Commission has confirmed a EUR 4.34 billion competition fine against Google for abusing its dominant position. The company was found to have imposed illegal restrictions on Android device manufacturers and mobile network operators since at least 2011, in order to cement its dominant position in the search market. Google refuted the claims and said it plans to appeal the decision. 

Tags: google market position eur


European Commission slaps Google with 4.34bn anti-competition fine

2018-07-18 02:00:00| Total Telecom industry news

The European Commission has fined global internet giant Google €4.34 billion for breaching anti-trust legislation in European markets. The Commission successfully argued that since 2011, Google had placed illegal restrictions on Android device manufacturers and had unfairly leveraged its size and scale to further cement its market position…read more on TotalTele.com »

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Google braced for giant Android fine from EU

2018-07-18 01:36:34| BBC News | Business | UK Edition

The European Commission has claimed Android unfairly extended Google's dominance of search.

Tags: from google fine giant


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