Thursday, July 28, 2016

Google Races Forward with 21% YoY Revenue Growth

Alphabet Inc. posted Q2 revenue of $21.5 billion, up 21% over the same period last year. GAAP income came in at $5.968 billion, ahead of market expectations.

"Our terrific second quarter results, with 21% revenue growth year on year, and 25% on a constant currency basis reflect the successful investments we've made over many years in rapidly expanding areas such as mobile and video. We continue to invest responsibly in support of our many compelling opportunities,” said Ruth Porat, CFO of Alphabet.

During Q2, CAPEX was $2.123 billion, down from $2.515 billion for Q2 2015.

The company now has 66,575 employees.

https://www.youtube.com/watch?v=EVpWjo023cE

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