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Pichai received almost United States dollars 200 mln compensation a year ago
30 April 2017, 12:00 | Maryann Sutton
Sundar Pichai- CEO Google
Alphabet reported its 2017 first quarter earnings today, and unsurprisingly, the numbers were stunning. The controversy surfaced after a Times of London investigation in February caused many global advertisers to suspend ad campaigns on the user-generated video portal.
In its first quarterly report for 2017, the corporation has shown once again that it is a formidable player in advertising, with revenues up more than $4bn on a year ago, from $20.3bn to $24.8bn. The bulk of revenues for Other Bets came way Nest, Verily and Google Fiber, Ruth Porat, CFO of Alphabet and Google, said on Thursday's earnings call.
99% of Alphabet'srevenue came from Google while the "Other Bets" section generated a total loss of $855 million that included subsections such as the self-contained vehicle or home thermostats.
Advertising revenue for Google itself increased by more than three billion to 21.4 billion dollars (£16.5bn), despite recent controversies for the internet giant over its handing of fake news and extremist content appearing on its various platforms. "Advertisers have clearly noticed all the improvements we have made", he said on a conference call with analysts.
"However, with YouTube as a core driver of ad growth, we expect Google to quickly contain and address YouTube's issues in order to maintain growth expectations for the year", Utreras said in a statement.
Mets start Gsellman; Syndergaard on Thursday
Every Braves starter managed at least one hit; the second through seventh spots in the order recorded at least two hits each. Cespedes left last Thursday's loss to Philadelphia with a left hamstring problem and returned to the lineup Wednesday.
In other Alphabet news, SVP David C. Drummond sold 2,000 shares of Alphabet stock in a transaction on Monday, February 13th. Trust Department MB Financial Bank N A now owns 170 shares of the information services provider's stock worth $132,000 after buying an additional 5 shares in the last quarter. Meanwhile, Amazon saw its quarterly revenue jump 23 percent year over year as sales for Amazon Web Services totaled $3.66 billion. "We've been thoughtful about how we build out the entire go-to-market organization".
Alphabet shares have increased 12 percent since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 7 percent. We're not going to invest if we don't see great opportunities and we feel like our track record for picking some important efforts long before others is pretty good.
Analysts initially expected Alphabet to have earnings $7.40 per share compared to $7.50 past year.
Alphabet Inc is a holding company. Indeed, these losses increased by around $10o million year over year. The change resulted in "a modest increase" in paid clicks along with a modest decrease in cost-per-click.
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President Hamid Ansari arrives in Polish capital Warsaw
India's Vice President Mohammad Hamid Ansari commented on the probability of his country's recognition of the Armenian Genocide . This strong economic interaction between India and Poland is an indicator of the growing economic strengths of our countries.