Alphabet increased sales and dropped its net profit increasing
Software

Alphabet increased sales and dropped its net profit – increasing the number of employees affected to 174,000

The American holding Alphabet, which owns the Internet giant Google, reported on the work in the second quarter of this year: the results did not meet the forecasts of external analysts.

    Image source: pixabay.com

Image source: pixabay.com

Revenue for the three-month period was about $69.69 billion, with experts forecasting a figure of $69.90 billion. Growth over the second quarter last year was 13%. For comparison: A year earlier, there was an increase of 62%. The holding company’s net income fell from USD 18.5 billion to USD 16.0 billion. Earnings per share came in at $1.21 ($1.36 a year ago), while outside analysts were expecting earnings to be around $1.28.

In total, all types of Google services accounted for $62.84 billion, including $7.34 billion in YouTube advertising revenue. Another $6.28 billion was brought in by Google Cloud cloud services. For YouTube and Cloud, analysts forecast larger revenues of $7.52 billion and $6.41 billion, respectively. Search and other services brought in $40.69 billion, up from $35.85 billion a year earlier.

It’s worth noting that Alphabet’s full-time employment increased 21% for the year: it’s now 174,014 people, compared to 144,056 in the second quarter of last year.

About the author

Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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