Start a new financial district becomes time reports from various companies in the previous period. Alphabet was no exception, and today they announced their earnings for the quarter.
The company has published a report according to which the Alphabet earned $ 20.2 billion in the first quarter of 2016. This is 17% more than in the same period a year ago, when they got a profit of $ 17.2 billion. Operating income was $ 6.8 billion.
Most brought Google – $ 20 billion in revenues and $ 6.2 billion in operating profit. Other rates brought $ 160 million, or $ 80 million more than last year. However, an operating loss of other projects of the company was $ 802 million.
This is a significant decrease compared to the previous quarter, but still quite a hefty operating loss for other rates that include things such as Nest, Google Fiber, and the like.
Within the segment of Google, Google sites yielded $ 14.3 billion, up 20% year on year. Advertising revenues brought $ 18 billion, an increase of 16% compared to last year. Other Google’s revenue totaled $ 2 billion, which is 24% more than last year.
In general, the first quarter of 2016 for the Alphabet and Google was excellent. While we have seen a drop in income compared with the first quarter of 2015 other companies, Alphabet able to increase their profits.