July 24, 2017, Alphabet just reports its 2017 second quarter earnings ended June 30. The report reveals, total revenue in the second quarter of Alphabet is $26.01 billion, which is up 21% from $21.5 billion a year ago,
Google parent Alphabet reported a second-quarter profit that fell sharply from a year earlier, hurt by a big anti-trust fine in Europe. On a GAAP basis, Alphabet second-quarter net profit was $3.524 billion, $4.877 billion fell by 28% than the same period last year. And while it’s true that profit was down a bit this quarter, that’s only on account of a one-time, $2.7 billion fine levied by regulators in the European Union. If does not include this fine, then the Alphabet second quarter net profit would be $6.26 billion, that would be an increase of 28% in the same period.
“With revenues of $26 billion, up 21% versus the second quarter of 2016 and 23% on a constant currency basis, we’re delivering strong growth with great underlying momentum, while continuing to make focused investments in new revenue streams,” said Ruth Porat, CFO of Alphabet.
Here are the numbers:
- EPS: $5.01 versus $4.49 expected
- Revenue: $26.01 billion, up from $21.5 billion a year ago
- Paid clicks: +52% from a year ago
- Cost per click: (23%) from a year ago
$26.01 billion of total revenue in the second quarter were beyond the expected by analysts. According to the survey of financial information suppliers FactSet Company, FactSet consensus for total revenue was $25.6 billion of Alphabet. Shares of Alphabet have gained 14% in the past three months, compared with the S&P 500 SPX, -0.11% which has gained 4%. But it is still higher than assumed shows such a money machine, one of the most powerful companies in the world.
“We’re delivering strong growth with great underlying momentum, while continuing to make focused investments in new revenue streams.”
Alphabet is focused on “dollar growth” in revenue and operating income, “not margins,” Porat said.
Alphabet has altogether hired 75,606 full-time employment staffs worldwide, and compares with last year in 2016, it had 66,575 in all.