Monday, May 21, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Huawei's MateBook X Pro Laptop Available in the U.S. For $1,200
Acer to Roll Out Alexa Across its PC Portfolio
Nvidia Releases the 3GB GeForce GTX 1050 to Attract More PC Gamers
LG Q7 Smartphone Comes With New Cameras, AI, Hi-Fi Audio, IP68 Rating and Fingerprint Sensor
Qualcomm and Facebook to Bring Terragraph Gigabit Wireless Connectivity Over 60GHz to Urban Areas
Zuckerberg Hearing's in the EU Parliament to Be Live Streamed
Galaxy Note 9 to Feature Updated Bixby 2.0: Samsung
Microsoft Acquires Conversational AI Company Semantic Machines
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 > Alphabe...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, February 01, 2018
Alphabet's Earnings Miss Profit Estimates

Google parent Alphabet missed quarterly profit forecasts despite strong sales as higher expenses offset demand for ads on mobile apps, the U.S. technology company said on Thursday.

Alphabet reported a hit to earnings related to taxes owed on overseas cash following recent changes to U.S. law. This $9.9 billion tax expense resulted in a net loss of $3.02 billion, or $4.35 a share, the company said Thursday in a statement.

The company's fourth-quarter sales increased 24 percent to $32.3 billion. Adjusted quarterly profit of $6.8 billion, or $9.70 per share.

Alphabet generated $110.9 billion in full-year revenue, up 23 percent from 2016 and topping $100 billion for the first time. Profit fell 35 percent to $12.6 billion because of a tax bill and a separate charge last summer for a $2.7 billion European Union antitrust fine, which is under appeal.

Non-advertising revenue from Google combined with revenue from Verily and the other Alphabet companies was $15.5 billion in 2017, accounting for about 14 percent of total revenue, compared to $10.9 billion, or 12 percent, in 2016.

Traffic acquisition costs, payments to phone makers and web browsers, rose to $6.45 billion, or 24 percent of Google's overall ad revenue. Google has attributed the surge in that expense to the rising number of ads it runs on YouTube, mobile devices and automated systems, which require sharing more money with partners.

Despite the growth in Google's ad sales, it continued to struggle with lower ad rates, primarily from the rise in mobile ads. In the fourth quarter, cost-per-click fell 14 percent.

Google has also poured enough money into its Pixel phones, smart speakers and other devices. Sales and marketing expenses rose to $4.3 billion, or 13 percent of overall sales.

The company doesn't disclose figures from cloud-computing or hardware sales, but those divisions, lumped into Google's Other Revenue, grew 38 percent to $4.69 billion in the fourth quarter.

On a conference call, Google Chief Executive Officer Sundar Pichai said cloud is now a billion-dollar business every quarter, and noted that hardware sales more than doubled in 2017.

Alphabet's Other Bets category, which includes its Fiber Internet and Nest home devices, posted $409 million in revenue, with an operating loss of $916 million.

Q4: Apple Passes Samsung in the Worldwide Smartphone Market        All News        Apple's Revenue Hit New All-Time Records
Music and TV Sales Fuel Sony's Record Third Quarter Profit, Hirai to Step Down     General Computing News      Apple's Revenue Hit New All-Time Records

Get RSS feed Easy Print E-Mail this Message

Related News
Google Parent Alphabet Reports Strong Ad Sales and Costs
Alphabet Launches Chronicle Cybersecurity Company
Eric Schmidt to Become Technical Advisor to Alphabet
Mobile Ad Growth Boosts Alphabet' s Revenue
Alphabet Invests $1 Billion to Lyft
Alphabet Could Invest in Lyft
Alphabet Establishes New XXVI Company
Alphabet Earns More Cash Despite Antitrust Fine
Alphabet Posts 1Q Profit
Alphabet Earnings Surge on Mobile And YouTube
Alphabet To Shut Down Titan Drone Internet Project
Alphabet Announces New Self-Driving Cars Unit Called Waymo

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .