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Articles Tagged:

alphabet

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Alphabet records $33.7 billion revenue in Q3 but stock still falls amid missed targets

In the wake of a record $5 billion EU antitrust fine, Google parent company Alphabet was still able to post a 25% increase in revenue at the end of Q2 (against that same period last year). Financial results for the third quarter of 2018 are in and despite strong profits, Alphabet missed its targets and share prices fell somewhat.

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Alphabet posts huge 25% increase in revenue, investors shrug off impact of EU fine

Alphabet's second-quarter results were just released to investors, and although revenues are up 25% compared to Q2 2017, reaching $32.65 billion—comparing favorably to last quarter's results, too—it isn't all good news. Taking into account the effects of the recent $5 billion antitrust fine by the EU, net income is actually down significantly to ~$3.2 billion, a loss of 9.3% compared to Google's fine-extrapolated numbers for Q1 2017. That doesn't seem to have investors too worried, though, as the pre-fine numbers beat expectations by a large margin, driving up Alphabet's stock price in after-hours trading by 5%.

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Nest CEO steps down, will remain at Google as 'executive advisor'

After a brief tenure, Nest CEO Marwan Fawaz has stepped down. Fawaz assumed the role in 2016 immediately following the departure of Nest founder Tony Fadell. Fawaz will remain at Google as an "executive advisor" for the company's hardware ventures, hardware chief Rick Osterloh said in a statement.

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Project Loon and Wing become full-fledged Alphabet companies

As part of Google's big 2015 reorganization, many of the divisions tucked away inside Google became their own companies under the Alphabet umbrella. For example, the Google X's self-driving car project became Waymo. Now, two more wacky former Google projects are getting the same opportunity. Project Wing and Loon are both becoming Alphabet businesses.

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Waymo orders 62,000 Chrysler minivans, frees parents from driving kids to soccer practice

Waymo, Alphabet's self-driving car company (formerly under Google), has been using modified vans for years to privately test its autonomous tech. In late 2016, Waymo announced that its first production car would be a modified Chrysler Pacifica. Now the company is looking to buy a few more minivans - 62,000, to be exact.

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'Intra' brings Android P's DNS-over-TLS to older devices

Jigsaw is an Alphabet company, best known for its secure VPN app 'Outline.' You may recall that Android P includes a new feature called 'Private DNS,' which allows you to set a system-wide DNS server using DNS-over-TLS, which encrypts all queries so they can't be read or modified by anyone (similar to how data from HTTPS sites can't be intercepted).

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Alphabet reports $31.15 billion in revenue for Q1 2018, a 26% increase over last year

Google parent company Alphabet just announced financial results for the first quarter of 2018, and the news is good across the board. The company took in a whopping $31.15 billion over the three-month period ending March 31st, which is a 26% increase of Q1 of 2017. After expenses, Google had $9.4 billion in net income for Q1.

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Waymo and Jaguar announce world's first premium electric self-driving SUV

At a press conference today in New York, Waymo CEO John Krafcik announced the world's first premium electric self-driving car. The first collaboration of a planned long-term partnership with British carmaker Jaguar Land Rover, the Jaguar I-PACE will form part of Waymo's autonomous car fleet in 2020 after testing begins later this year.

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Outline is a secure VPN for news organizations and journalists, from Alphabet think tank Jigsaw

Yesterday, Google announced the News Initiative, with wide-ranging objectives such as empowering quality journalism in the digital age and fighting the spread of fake news. There are many facets to the initiative, including making it easier for readers to subscribe to news outlets. To make it easier for journalists to do their jobs, there's Outline. Built by Alphabet incubator Jigsaw (formerly Google Ideas), it aims to provide safer internet access for news organizations and their staff.

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Alphabet reports earnings: Q4 loss of $3 billion after major tax hit, but hardware shipments "double"

Alphabet reported today in its annual earnings call that the company's fiscal Q4 was a bit of a dismal one, owing to a decision to provision a new tax on foreign assets ahead into the 2017 fiscal year. Basically, Google took a $9.9 billion tax hit in the last quarter of 2017, dramatically lowering the effective net income the company earned for the whole of the fiscal year.

Google lost $3 billion in Q4, but for 2017 overall, it managed net income of $12.7 billion on revenues of $110.8 billion. While net income is down versus 2016 ($19.5 billion), revenues are way up - around 23%.

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