Alphabet Inc (GOOGL) Revenue up 24%, Earnings Miss the Mark
Feb 03, 2018, 07:43
For the entire 2017 fiscal year, Alphabet provided figures of $110.8 billion in revenue, and this is the first time at the company has been able to come up with triple-figure digits. The segment also includes revenue from Google's DoubleClick Bid Manager, AdMob and Google AdX.
Alphabet also reported that "other revenue" - a category that includes its cloud business, hardware sales and app store - increased almost 40 percent, to $4.7 billion.
However, some analysts looked past the costs and focused on a strong core ad business as well as positive comments from Google Chief Executive Officer Sundar Pichai on its fast-growing cloud computing business.
Porat also addressed the controversy past year around a number of advertisers pulling their campaigns from YouTube following a tumultuous period for the Google-owned platform. The tool was very well accepted with over 10,000 customers signing up to try it in a matter of weeks.
Google's next phase of growth will be based on three pillars he said: cloud, YouTube, and hardware.
A changing of the guard is also underway at Alphabet, with former Stanford University chair John Hennessy becoming the new company chair.
Google revenues, which include the company's enterprise cloud, software and data management products, attributed most of Q4 sales with $31.91 billion in revenue.
Alphabet, Google's parent company, reported a big miss in its fourth-quarter 2017 earnings report Thursday, sending the stock down as much as 6% in after-hours trading.
Shares of Alphabet were dropping 4 percent after the closing bell on Thursday after the parent of Google reported a quarterly loss due to a almost $10 billion one-time tax charge. Alphabet Inc (GOOGL) said that the tax reform bill resulted in a $9.9 billion additional tax expense in Q4 2017 for the one-time tax on overseas earnings to be repatriated.
Amazon shares were down almost 4% in regular trading but jumped by that much after it reported better than forecast sales and earnings figures, and made upbeat forecasts about the current quarter. Operating income dipped 2% to $US4.1 billion, compared with operating income of $US4.2 billion in 2016, but net income rose 25% to $US3.0 billion compared with net income of $US2.4 billion in 2016.
While that's all sounding good, the company actually took a massive $9.9 billion hit from a tax charge on foreign earnings. For the 2017 year though the company still managed a net income of $12.7 billion.
During the weeks-long period, authorities emphasize safety on the road and aboard planes, trains and ferries. The van was carrying reportedly gas canisters and burst into flames after hitting the fence.
New sanctions from the USA target tankers that were revealed to be delivering oil products from Russian Federation to North Korea. As a result, the slowdown in US exports could create an additional factor sup-porting fuel prices in the short term.
Since 2004, the retailer has raised a staggering $65 million for the American Heart Association's signature campaign! Use your social media presence to entice others to join the fight against heart disease and stroke using the hashtag.
Annalou Tirol, acting head of the Justice Department's public integrity division, moved to dismiss the indictment following U.S. In the ruling, Walls found that the timing of Melgren's donations to Menendez in and of itself did not prove bribery.
He further said, "I would say that this time is not for such things, Padmaavat has been representing the whole film industry". Padmaavat was made and released on the big budget of 200 crores and it shows in each and every inch and bit of the frame.
A short time later, the powerful sedative, pentobarbital, began to take its effect and soon Battaglia said, "Oh, I feel it". Battaglia offered few final words before he was pronounced dead by lethal injection at 9.40pm, stating: "Hi, Mary Jean".
Sources said that the apex court judges met over lunch hosted by Justice A K Goel and some discussions took place among them. In another development, the Lucknow High Court Judge, Shri Narayan Shukla, was sanctioned a leave for 90 days.
In another sign of a strong labor market, an ADP report showed the USA private sector added more jobs than expected in January. US stock indexes opened slightly lower on Monday , pulling back from records ahead of a raft of corporate earnings this week.
Palestinian foreign minister Riyad al-Malki told reporters in Cairo that the "old mechanism has ceased to exist and is history". Saudi Arabia has denied endorsing such a plan and said they are committed to the two states solution based on 1967 borders.
The final statement endorsed the country's territorial integrity and called for self-determination through "democratic" elections. Many fear that Turkish offensive could further complicate the political process in Syria by opening a new war front.
Toronto Landscaper Killed at Least 5 Men, Police Say
However, in August 2017 , the police started Project Prism, which was an attempt to find the whereabouts of Esen and Kinsman. Police say McArthur is believed to have killed three men identified as Majeed Kayhan , Soroush Marmudi and Dean Lisowick .