Alphabet financial returns huge for the second quarter of 2018

Alphabet

The company announced the Alphabet giant, and containing Google, from the proceeds of the financial giant for the second quarter of the current year is 2018, and has reached the company’s revenue to $ 33.7 million, and this is slightly less than analysts ‘ expectations of achieving $ 34 million. Despite that, the revenue miss to the same period last year increased by 21%.

As usual, still most of the company’s revenue comes from the advertising department, which made the company 28.95 million of its revenue floor. However, this section was a 95% or more of the company’s revenue in the past, while now constitutes 87% of revenue, and this means that the company is trying to increase diversification in sources of income compared to the previous. In terms of revenue, operating loss reached $ 8.3 million, while net income amounted to $ 9.1 million.

At present, the company has funds net of the estimated $ 13.4 million, as it works in their arcades 94,372 thousand employees.

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