Alphabet reported for the first quarter of 2016

Alphabet reported for the first quarter of 2016

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.

Alphabet reported for the first quarter of 2016

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.

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