Android Police

Articles Tagged:

alphabet

32

Sundar Pichai will succeed Larry Page as CEO of Alphabet, while continuing to serve as Google CEO

Back in 2015, Alphabet was established as the parent company to Google and its many project divisions. Amidst restructuring, Google's co-founder and then-CEO, Larry Page, moved to oversee Alphabet while the SVP of Products, Sundar Pichai, was promoted as the new CEO of Google. Today, the company has signaled another monumental shift in Alphabet's business structure by announcing that Pichai will be succeeding Page as the CEO of both Google and Alphabet.

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18

Google meets revenue expectations for Q3 2019, but still upsets investors

Google’s parent company Alphabet announced its financial results for the third quarter of 2019, surpassing revenue expectations. As one might expect, Google products were among the top performers, but everything wasn’t as breezy. Even though revenue is up, the profit margins have come down sharply, leaving investors with less money in hand than what was anticipated.

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125

Google reveals the Pixel 3a doubled its phone sales last quarter, because people like cheaper phones

Google parent Alphabet has reported a strong second quarter with revenues up to almost $38.9 billion, a 19% gain from the same period last year. Growth in its mobile search, YouTube, and cloud has strengthened in all regions and has helped turn over net income of $9.95 billion. There was also good Android news coming from the Pixel 3a.

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26

Google and Dish could be planning to form a mobile carrier, but Google denies report

The Sprint/T-Mobile merger still has potential to materialize and it seems like we're in a holding pattern at the moment, waiting to see if it will be able to carve portions of its spectrum holdings off to another buyer to maintain the presence of a "fourth" national carrier. Satellite TV provider Dish looks to be the most apparent buyer in the market, but has notoriously been negligent to spend any money building a cellular network, perhaps holding lost hopes of being able to sell its portfolio to other carriers. Now, faced with the crisis of opportunity, the New York Post reports that Dish has been in talks with a board member of Alphabet to finally strike up a new carrier.

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40

Alphabet disappoints investors with 17% revenue growth in Q1

Investors are reeling after Alphabet posted a 17% year-over-year gain in revenues, its slowest growth in 3 years. In its earnings report for the first quarter, the company underlined monetization challenges across Google and YouTube alongside the latest large fine it has had to deal with from the European Commission. In the end, the company achieved operating income of $6.6 billion, down 13%.

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7

Alphabet's Wing gains FAA license to fly drones for U.S. deliveries

It's a concept that's been teased by megacorporations for years yet has only had meaningful progress in recent years: delivery by drone. For Google, Project Wing was conceived some 6 years ago as a way to shoot dog food from a local warehouse to your house. Today, the FAA announced that Wing, now the bona fide Alphabet company, has become the first drone delivery company to receive an Air Carrier Certification, meaning that it can now legally do business in the United States.

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4

Alphabet's 2018 financial results show 23% increase in revenue and strong profits

Google's parent company Alphabet has reported positive financial results for 2018, although stocks in the company still fell 3% in after-hours trading. An operating margin 3% lower than the 24% posted in Q4 2017 and higher expenditure are considered to be reasons for the drop-off, but Alphabet remains profitable.

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28

Shareholders sue Google for allegedly mishandling sexual harassment claims

In another chapter of the tumultuous goings-on within Google, one of Alphabet's shareholders is suing the company, on behalf of itself, over the payouts given to Google executives who were accused of sexual misconduct. Filed yesterday in the San Mateo Superior Court, shareholder James Martin states in his complaint that the reason for the suit is, in short, that Google breached its fiduciary duties to shareholders. This means that by giving these payouts to those executives whose sexual harassment allegations were considered credible (instead of disciplining them appropriately), Google showed it was more interested in protecting its public image than it was securing its investors' rights and managing the company and its assets appropriately.

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3

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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30

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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