The business of the company Alphabet, like Google, do not provide the same as before.
Alphabet showed analysts on Wall Street with its latest results that walketh right track.
the technology giant had revenues of US $ 21.500 billion and US $ 8.42 per share in the second quarter of 2016, an increase of 21 percent over the same period one year earlier.
Alphabet made a profit of US $ 4.900 billion in the quarter, up 24 percent year on year.
“Our second quarter results phenomenal [...] reflect the successful investments we have done for many years in rapidly expanding areas such as mobile phones and video, “said Ruth Porat, chief financial officer of Alphabet. “We continue to invest responsibly to support our many attractive opportunities.”
Analysts had expressed pessimistic, estimating that the matrix of Google not reach the expectations of US $ 20.760 billion in revenues and US $ 8.03 per share. Alphabet had disappointed last quarter, but did not this time.
The Google subsidiary still provides most of the income of Alphabet. This second quarter totaled US $ 21.315 Google billion in revenue, while calls “Other Markets” Alphabet only contributed US $ 185 million. The other “Bets” – by that of “Alpha-Bets” – include companies extravagant projects like autonomous cars, fiber optics and smart thermostats
Google has a lot of competition.. Your product YouTube offers video in 360 and streaming live long before Facebook, for example. However, now that Facebook offers similar services, competition threatens Google advertising revenue, according to Marketwatch. In his call today with analysts, Porat said revenue it brings YouTube advertising continues to grow.
In addition to Google, other companies Alphabet, which include Nest, Fiber, Verily, Calico, Ventures and Capital (VC) and X, have a growing number of rivals, challenges and high operating costs. In June, for example, the founder and CEO of Nest left the company. Despite her income, net losses caused Bets calls of US $ 859 million this quarter to its parent. Alphabet has put increasing pressure on Bets to be viable, productive and independent businesses.
Alphabet also reported that its workforce reached 66.575 employees.
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