Tuesday, November 21, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
GPU Shipments in Q3: AMD Increased 8 percent, Nvidia Increased 30 Percent
Samsung Says New SZ985 Z-NAND SSD Offers Ultra-Low Latency and High Throughput
AMD EPYC Processor Powers the New HPE Gen10 Server
Volvo to Supply Thousands of Self-driving Cars to Uber
Marvell Technology to Buy Cavium for $6 billion
Honor 7X is Official Coming with a FullView Display
Samsung Forecast to Top Intel as Larger Semiconductor Supplier in 2017
Samsung, LG Electronics Cut TV Prices for Black Friday
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 > Mobile ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, October 26, 2017
Mobile Ad Growth Boosts Alphabet' s Revenue


Alphabet on Thursday reported strong third-quarter advertising sales and high operating margins after a surge in Google ad volume helped the web-search giant shrug off concerns about regulatory scrutiny and an expensive foray into hardware.

Third-quarter revenue for Alphabet, the parent company of Google, jumped 24 percent to $27.8 billion. Profits of $6.7 billion, or $9.57 per share, were well ahead of estimates.

While Alphabet faces political pressures, especially in Europe, over its growing dominance and its role in spreading propaganda online, those problems have yet to hit the bottom line. The third quarter was the 15th in a row in which the company has shown double-digit, year-over-year sales growth. Advertising sales at Google, Alphabet's main operating unit, account for the vast majority of the company's revenue.

In September, Google agreed to tweak its paid search results for products in Europe, although it's still appealing the charges. Also in September, Google agreed to pay $1.1 billion for about 2,000 engineers from HTC, in effect an acquisition of skilled hands to expand Google's line of Pixel smartphones.

Google's "other revenue" line, which includes hardware such as the Pixel smartphones and Home speakers as the well as the cloud computing business, also enjoyed solid growth. Sales from non-ad businesses rose 40 percent from a year ago to $3.4 billion in the quarter.

"We had a terrific quarter, with revenues up 24% year on year, reflecting strength across Google and Other Bets," said Chief Financial Officer Ruth Porat. "Other Bets" is Alphabet's non-internet projects.

Porat highlighted strong performance from Google's desktop and mobile businesses, and its YouTube online video operation.

Google is trying to compete with Amazon Web Services in the business of providing corporate computing services via large data centers. It is estimated that Google Cloud Platform is about 15 percent of Google's other revenue.

Google is also trying to take on Apple in the high end of the smartphone business with the Pixel.

But Google's second-generation Pixel had a rough debut last week, with the company investigating user complaints of a faulty screen and poor call quality.



Previous
Next
Amazon Tops Sales Estimate        All News        Intel Raises Full Year Revenue, Profit Forecast
Amazon Tops Sales Estimate     General Computing News      Intel Raises Full Year Revenue, Profit Forecast

Get RSS feed Easy Print E-Mail this Message

Related News
Google Makes Search Results More Local and Relevant
Google Offers Bug Bounty for Mobile Apps
Alphabet Invests $1 Billion to Lyft
Google Designed New Pixel Visual Core Chip Internally
Google's Advanced Protection Program Adds Security Layers to Gmail
Google's Home Mini Speakers Caught Recording Everything
Google Found Russia-backed ads on YouTube, Gmail
Google Clips AI-powered Camera and new Google Buds headphones with Google Assistant
The Google Pixel 2 and Updated Daydream View are here
Google Adds Home Mini and Max to the Google Home family
Google Changes Rules on Free News Stories, Announces Subscription Tools
Google Assistant is now on Android TV

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .