Google parent’s fourth-quarter revenue, profit beat estimates

The Google name is displayed outside the company's office in London Britain. Toby Melville Reuters  File

Revenue-wise, Alphabet is still an advertising company, despite its investment in cloud and other business.

Google revenues from its "other" category, which includes what it pulls in from cloud services and hardware, climbed more than 30 percent to $6.5 billion in the fourth quarter.

In nearly as much of an anticlimax as the Snoozer Bowl, Alphabet Inc. today again beat most expectations for its fourth quarter thanks to continued strength in its search and video advertising and investment gains.

Revenue jumped 21.5 per cent to US$39.28 billion.

Google is asking investors to trust that investments in future growth will pay off, but the company discloses limited financial details on its newer initiatives. The number of clicks on ads that Google ran on its own services surged 66 percent in the fourth quarter, versus the 2017 holiday period.

Google's other revenues, which include hardware sales and cloud computing, rose to $6.5 billion for the quarter from just shy of $5 billion a year ago.

Concerns grow over how Google, and others, use our data and share it with advertisers.

More news: Five people die after small plane crashes into home in Southern California

Greene and incoming leader Thomas Kurian are planning Google Cloud's 2019 strategy together, Pichai said, and the company plans to increase hiring in sales and marketing in hopes of adding more multiyear big-company cloud deals.

In the final three months of 2018, Google's CEO was grilled by Congress about data privacy, its employees around the world walked out over sexual harassment scandals, and it disclosed a security bug impacting its largely forgotten social network, Google Plus.

We continue to invest in both compute requirements and for office facilities.
Chief Executive Sundar Pichai (pictured) has said only that it's a billion-dollar-a-quarter business, and that was a year ago.

While Alphabet had a mostly positive earnings report, there were misses for the tech company. Last month, French privacy regulators fined Google 50 million euros ($57 million) for not giving consumers enough information when it asked them to sign over access to their information. Wall Street was expecting $184 million.

Pichai said Google's cloud computing unit previous year doubled the number of deals it struck worth more than $1 million.

The company's "other bets", including its autonomous driving division Waymo and its life sciences and cybersecurity units, took in $154 million in revenue. And they are roughly even with Microsoft's quarterly results: The software giant posted net income of $8.4 billion on revenues of $32.5 billion in the same quarter.

"Acquisitions are an attractive complement to what we do to drive organic growth", Porat said on Monday.

Related News:

  • Kristaps Porzingis on New York Knicks fans:

    Kristaps Porzingis on New York Knicks fans: "Stay woke"

    A reporter asked Porzingis whether or not it was true he'd re-sign with Dallas , prompting Cuban to again take the mic. Porzingis averaged 22.7 points and 6.6 rebounds per game before his injury last season (Feb. 6).
    Netherlands recognises Guadio as Venezuelan leader after deadline expires

    Netherlands recognises Guadio as Venezuelan leader after deadline expires

    Guaido repeatedly has called on Venezuela's military , which has remained loyal to Maduro, to support a transition to democracy. The European countries urged Guaido to hold free and fair elections as soon as possible.
    Man held in Brisbane airport bomb scare

    Man held in Brisbane airport bomb scare

    At around 11.30pm Brisbane Airport announced the re-opening of the terminal, however, warned there would be some delays. The man who allegedly made bomb threats at Brisbane's global airport while wielding a knife is expected to face court.
  • Super Bowl Ratings Hit Decade Low

    Super Bowl Ratings Hit Decade Low

    They have made the Kansas City Chiefs the favorites to wrest the Lombardi Trophy away from the New England Patriots . The Westgate Las Vegas SuperBook has the Chiefs as 6-1 favorites to win Super Bowl LIV.
    May claims she is 'armed with fresh' Brexit mandate

    May claims she is 'armed with fresh' Brexit mandate

    In particular, Brussels insists on the agreed guarantee for an open border on the island of Ireland, the so-called Backstop. However, EU leaders have maintained that the Withdrawal Agreement, including the backstop, can not be renegotiated.
    Chelsea board 'unhappy with Maurizio Sarri'

    Chelsea board 'unhappy with Maurizio Sarri'

    Sarri's decision to sparingly utilise Callum Hudson-Odoi in the first half of the season has made Chelsea's hierarchy unhappy. Carragher also highlighted how N'Golo Kante was now being waged in Sarri's current system.
  • Thick, heavy ice expected to plague Wednesday A.M. commuters

    Thick, heavy ice expected to plague Wednesday A.M. commuters

    The likelihood of precipitation is low but that would be the likely precipitation type IF precipitation were falling. The daytime high was 43 degrees warmer than Friday's high temperature - a remarkable increase for a 72-hour period.
    Bulls waive Anthony, make 10-time All-Star a free agent | AP sports

    Bulls waive Anthony, make 10-time All-Star a free agent | AP sports

    Anthony appeared in 10 games with the Rockets this season, posting averages of 13.4 points, 5.4 rebounds and 0.5 assists per game. He was still an All-Star two years ago, finishing the 2016-2017 National Basketball Association season with 22.4 points per game.
    Bud Light Super Bowl Commercial 2019: 'Brewed with No Corn Syrup'

    Bud Light Super Bowl Commercial 2019: 'Brewed with No Corn Syrup'

    "Iowa is the number one corn producing state, and the top crop grown in our country", Recker continued. Finally, they make it to the Coors Light castle who has been looking for their corn syrup barrel.
  • Cardi B turned down Super Bowl show in support of Colin Kaepernick

    Cardi B turned down Super Bowl show in support of Colin Kaepernick

    To watch the game is the compromise my beliefs. Will probably start reading this book... Simply saying "You know where I Stand".
    Huawei’s 5G foldable phone is coming, here's when

    Huawei’s 5G foldable phone is coming, here's when

    Meanwhile, Xiaomi surprised everyone earlier this month when it showed off its foldable smartphone concept on social media. Are you ready to reveal the unprecedented? This is similar to what Samsung showed us back in November past year .
    Donald Trump to Withdraw from Nuclear Treaty with Russian Federation

    Donald Trump to Withdraw from Nuclear Treaty with Russian Federation

    The treaty has governed arms control since 1987, and some analysts fear its demise could fuel a new arms race in Europe. U.S. officials suggest the six-month window is Russia's last chance to return to compliance.


Most liked

Ander Herrera says Manchester United need to focus ahead of momentous month
Leicester have won just four home league games this season and sit 11th, six points behind Wolves in seventh. But Ben Chilwell has asked the Foxes faithful to trust Puel.

Kylie Jenner Threw The Most Adorable First Birthday Party For Stormi
While the two have not confirmed their engagement, it's become clear to fans that Jenner is having fun fueling the rumours. Though the location was not disclosed, many can guess that Kylie Jenner was spending her time somewhere luxuroious.

Nissan's real Brexit problems have not yet started
Meanwhile, a government minister has said Nissan will still get its money. Cable said. "It's actually self-harming and they should just stop".

Pablo Zabaleta targets Liverpool scalp to boost Europa League hopes
Liverpool's advantage still stands at a healthy five points , however, with just 14 games left to play. We go game by game and our mentality has to be to stay until the end of the season in first place.

Body found in Emiliano Sala plane wreckage
Mearns, speaking to BBC Radio 4's Today programme, said: "The biggest surprise to us was that most of the plane is there". It has been an anxious and heartbreaking time for the Argentinian striker's family since his plane disappeared.

Former MMA fighter facing murder charges captured after escaping prisoner van
Hartley said Marks' and Pease's son was placed into protective custody in 2009 and he doesn't know the boy's current location. Another Marks ex-girlfriend, April Pease , the mother of his child, disappeared in 2009 in Minnesota.

Trump suggests he could declare emergency
"I think Nancy Pelosi is hurting our country very badly by doing what she's doing and, ultimately, I think I've set the table very nicely", Mr.

Martial signs new long-term deal at Manchester United
He is one of several United players who is comfortable - and happy - with the manager's instructions to get the ball forward quickly.

'Pay to Stay' visa racket busted in U.S. , 8 Telugu people arrested
The US authorities had arrested 129 Indian students for illegally staying in the country. The spokesperson for the US Embassy here said it has received a demarche.

Will groundhog give good news for winter sufferers?
Sony has announced and released the first trailer for the upcoming video game Groundhog Day: Like Father Like Son . Groundhog Day: Like Father Like Son releases later this year on PlayStation VR, Vive, and Oculus.

Samsung Galaxy S10 and S10+ Renders Have Been Leaked in Full
The Galaxy S10 + stands out from its little brother in this respect by the presence of two holes and therefore two front cameras. The new leaks have now revealed for sure that the premium variant of the S10 Plus with 12GB RAM will be made of ceramic.

Parents concerned babies can not be vaccinated amid measles outbreak in US
She said the legislation would "bring a hammer down and threaten people instead of allowing them to make informed decisions". Jay Inslee last week declared a state of emergency due to the outbreak, which authorities have said could last for months.

Ariana Grande Tried Correcting Her 'BBQ Grill' Tattoo & Maybe Made It Worse
News, the added Japanese character is in the wrong place thus changing the meaning once again and to something else. Earlier on Thursday, the 25-year-old singer took to Instagram to share the "slightly better" inking.

Lakers Rumors: Kyrie Irving interested in playing with LeBron James again
Irving's future in Boston is in question after comments made earlier on Friday . If Irving were traded, it wouldn't be the first time in his career.

U.S. Senate Opposes Afghan, Syria Withdrawals In Rebuke To Trump
The test vote likely means the amendment will be incorporated into the underlying Mideast policy bill, as NPR reported. Democrats who voted against the amendment described it as a commitment to endless war.