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Technology 1 min read Source: InternetUA

Quarterly Google revenue rose by almost a quarter

Quarterly Google revenue rose by almost a quarter
photo InternetUA

American holding Alphabet, which owns the Internet giant Google, published performance indicators in the first quarter of the current fiscal year, which was closed on March 31.

Between January and March inclusive, Alphabet Holding received $ 24.75 billion in revenue. This is 22% more than last year's result, when revenue was approximately $ 20.26 billion.

Net profit was $ 5.43 billion, or $ 7.73 in terms of one security. For comparison: in the first quarter of 2016 the profit was approximately $ 4.21 billion, or $ 6.02 per share. Thus, the growth in this indicator in annual terms was at the level of 30%.

It should be noted that the lion's share of the proceeds is brought to the holding by Google. So, in the first quarter of this year, Google's revenue amounted to $ 24.51 billion, which is almost a quarter more than last year's result of $ 20.09 billion. Thus, Google's business provided 99% of the total revenue of the holding company Alphabet.

If we consider only Google's performance, then in the total quarterly revenue of $ 21.41 billion brought advertising.

Source: InternetUA
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