Parent company Google sees strong revenue growth, megaboete EU press profit
Alphabet, the parent company of Google, saw its sales in the last quarter increased by 21 percent compared to the same period a year earlier. By the recordboete the company in June imposed was given by the European Union because of the abuse of power with his search engine is the profit, however, fell sharply.
In the past three months came the turnover of the Alphabet from 26 billion dollars (converted to 22.3 billion euro), it is evident from the quarterly figures that the company Monday presented.
By the fine of 2.4 billion euro profit in the last quarter, however, decreased. That amounted to 3.5 billion dollars (approximately 3 billion euro). Without the penalty, this was amount to 6.2 billion dollars (5.3 billion euros), compared to 5.4 billion dollars a quarter earlier. Last year the company raised in the same period 4,88 billion dollars (4.2 billion euros) to profit within.
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Alphabet got considerably more revenue from its ads, as compared of 2016. That were good for 22,67 billion dollars (approximately 19,47 billion euro) turnover, compared 19,14 billion dollars (16,44 billion euros) a year earlier.
The ad revenues are also higher than a quarter earlier. Thus, the company did better than analysts expected. In march decided several prominent companies to the video site YouTube to leave. Ads appeared on extremist videos, where the companies concerned to be made.
Analysts expected that the growth of advertising revenues, therefore, slowed to 16.5 percent. However, this proved not to be the case: the sales grew 18.4 percent from a year earlier.