The internet giant on Monday reported second-quarter profit of $3.2 billion even after accounting for the fine, imposed by the European Union earlier this month for abusing its market dominance On a per-share basis, the Mountain View, California-based company said it had net income of $4.54. Adjusted earnings, excluding the European Commission fine, were $11.75 per share.
Alphabet clocked revenue of $32.7 billion, which was a year-on-year (YoY) rise of 26 percent. In the past, Google earned as much as 97 percent of its revenues from ads, but that number has been falling.
Google CEO Sundar Pichai says the company would take a "constructive approach" to the European Union ruling that slapped the search giant with a multibillion dollar fine.
Revenues meanwhile jumped 26 percent from a year ago to $32.7 billion, better than most analysts expected. The company is selling more ads as its YouTube video service and Google search grow globally, he said. And the company's investments in Cloud, Internet-connected Homes, and Autonomous Vehicles potentially set the company up for more years of premium growth & profits. The shares rose as much as 5.3 per cent, the most in nearly nine months, to US$1,275 at the market open in New York Tuesday.
Google must now bring this conduct to an end within 90 days or face penalty payments of up to 5 percent of the average daily worldwide turnover of Alphabet, the EC said.
Europe's new data-privacy rule, known as the General Data Protection Regulation, also appeared to have had little effect on Google's bottom line. "We are analyzing the decision and I think it's too early to comment or speculate", he said. Alphabet has said it will appeal the order. It is gaining ground on Amazon, the ecommerce giant that is the world's second...
Also delighting Wall Street, Alphabet has apparently lowered the expenses in the non-Google businesses in its portfolio. Google's Other revenues -which now includes the smart thermostat business Nest - were $4.23 billion.
Alphabet's "other bets", investments in less established ventures like Calico, Fiber, Nest, Verily, and Waymo, posted an operating loss of $732m, about $100m more than the year-ago quarter, on revenue of $145m.
Such a change could mean fewer people using Google's search engine on their phones, which would undercut an advertising business that is fueled by users clicking on ads in mobile search results.
If you like your games consoles to stand out, or are just a huge Spider-Man fan, this is the version of the PS4 Pro for you. Sony has taken the wraps off a special new PlayStation 4 Pro bundle that will be available starting early next month.
We are quite sure that, as time progresses, much more accurate copies of the Galaxy Note 9 will pop out of the woodworks. However, the new S Pen sits alongside the frontal view of the handset shows an attractive Gold colour view.
Leon Goretzka, 23, Lars Stindl, 29, and Thomas Mueller, 28, have also played well for Germany in the attacking midfield role. Though a collective failure of the team, in Ozil a section of German media and politicians found a ideal scapegoat.
A surviving relative told United States media that the boat's captain had told the 31 passengers not to put on life jackets. But when water came rushing into their boat Thursday during a ride on Table Rock Lake, Coleman didn't know what to do.
We got along well which truly bothered many haters who wanted to see a boxing match. "Big results will come!" he wrote on Twitter. Donald Trump has accused critics who condemned his disastrous meeting with Vladimir Putin of having 'Trump Derangement Syndrome'.
Arsenal are supposedly keen to sign Kovacic, with Emery keen to capitalise of the uncertainty surrounding his Real Madrid future. We will only sign another player if there is an opportunity to bring in that one player, or two players.
Chelsea have also indefinitely postponed plans to rebuild Stamford Bridge in a scheme which would cost more than £1billion. Chelsea have confirmed the appointment of Maurizio Sarri as their new head coach.
As the drivers remonstrated, a witness entered the store and informed the clerk that there was a disturbance outside, police said. McGlockton, who was in the store with his 5-year-old son, exited the store, walked to Drejka and pushed him down to the ground.
He said that he had met French President in New Delhi who had told him there no such secrecy agreement with the Indian government. Soon after the announcement, all BJD MPs walked out of the lower House while the discussion on the Motion picked up momentum.
The dual camera is expected to be 12 MP + 20 MP and will have a lot of memory options - 3/4/6 GB RAM and 32/64/128 GB storage . Xiaomi Mi A1 is powered by Qualcomm's Snapdragon 625 processor , and the Android Oreo 8.1 update is now rolling out.
UK: Novichok poisoning victim released from hospital
Wilkinson said that while Rowley had been discharged, it was a "day tinged with sadness for everyone" as they remembered Sturgess. "We continue to work closely with Public Health England who have advised that Charlie poses no risk to the community".
Ailing Marchionne replaced by Elkann as Ferrari chairman
LOUIS CAMILLERI The new Ferrari CEO was already a board member at the luxury sportscar maker before his latest appointment. That massive growth was helped along by Fiat's daring 2009 merger with flagging American automaker Chrysler.
Trump tells Rouhani to not threaten USA again
In his speech , Pompeo vowed to keep up the financial pressure on Tehran, specifically targeting the banking and energy sectors. Pompeo said the action showed that USA authorities "were not afraid to tackle the regime at its highest level".
Putin: Top US spy retracts 'awkward response'
White House press secretary Sarah Sanders claimed later in the day that Trump was saying "no" to answering additional questions. Trump and Coats appeared to be at odds in the aftermath of the President's meeting with Putin at the beginning of the week.
Israel & Hamas agree to ceasefire in Gaza - Hamas spokesman
The situation in the Middle East erupted today, as Israel launched a "wide-scale attack" against terrorists in the Gaza Strip . Air raids continued into Friday evening, with a number of explosions in different parts of Gaza, AFP correspondents said.
DeRozan says Raptors lied to him about trade
Despite being named the NBA's Coach of the Year , Casey was sacked and replaced by assistant Nick Nurse . But as far as Las Vegas is concerned, one team clearly won the trade.