The proceeds of the company Alphabet in the first quarter grew by 26% to $ 31.1 million

alphabet

The company Alphabet, the parent company Google to disclose its financial results for the first quarter of 2018, and indicated that its revenues in this quarter amounted to 31.1 billion USD, this representing an increase by 26 percent compared with the first quarter of last year when revenues amounted to 24.7 billion USD.

The Department of digital advertising at Google Inc. He is responsible for a large part of the proceeds of the Alphabet, lost revenues this section is approximately 26.6 billion USD. Revenue from other sources amounted to 4.3 billion USD. Rose the figures of 21.1 million USD and $ 3.2 million compared to the same period last year.

The company’s net income of 9.4 billion USD, which represents a rise of 5.4 billion USD, which represented net income of the company Aphabet in the first quarter of last year.

Aside from that, it has been revealed to us by Alphabet also that its financial results were affected by the Law of the new accounting had fundamentally changed the way reported by Google for its investments in other companies. For more information, head to the source link below.

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