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.
She told Winfrey that she won't be running for office despite the clamor from the public that she should run for President next. Obama also revealed in her interview why she looked so surprised and confused for the cameras after she accepted the gift.
Yildirim says that "the whole world knows and should know that Turkey does not operate with the mentality of an invader". He said USA forces do not operate with Kurdish allies in the Syria border area now under military assault by the Turks.
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.
Buckingham Branch Railroad leases the tracks and is responsible for maintenance, signaling and traffic dispatching on the line. The lawmakers were on their way to a strategy retreat in the countryside when the collision occurred around 11:20 a.m.
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 .
Apple watchers expect the company to eventually design the entire CPU, which would take away Intel's fifth-largest customer. Apple is working on at least three updated Mac models with custom co-processors, according to a report from Bloomberg .
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.
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.
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.
The press packs Kim sent out were to celebrate the release of her new Kimoji fragrances, which were launched earlier this week. Paris Hilton Transforms Into Kim Kardashian in New "Yeezy" Shoot: See the Identical Looks! .
Haas leads the way in Phoenix as Spieth struggles early
In 2015, he finished T10, followed that up with a T12, and then four under-par rounds a year ago gave landed him at T12th. World number two and Spaniard Jon Rahm is a stroke further back at four under following his opening-round 67.
Crude price strength welcomed by worldwide oil majors
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.
Battle for Azeroth pre-purchase is live
Every preorder, whether standard or Digital Deluxe, also includes a free boost to level 110 for one character. For Heroes of the Storm , you get a Primal Flamesaber mount, which has three variants.