Advertising revenues were up 20% from last year's fourth quarter, to $32.6bn, the same rate of growth as last quarter. The search giant's operating income rose 13% year-over-year from $8.6 billion to $9.7 billion.
Wall Street greeted the news Alphabet, parent company of Google Inc, which posted an $8.94 billion profit in the 4th quarter of 2018, with a 3.69 percent pummeling of its stock price during extended trading.
Alphabet's fourth quarter revenue rose 22 percent from a year ago to $39.28 billion, compared to the average expectation of $38.93 billion among analysts tracked by Refinitiv.
Not surprisingly, Google Home was the breakout hit for the company over the holiday season.
The yearly numbers are remarkable as well - there were more expenses in R&D, Sales and marketing, administration and even fines by the European Commission, but the total net income skyrocketed to $30 billion from $12.6 billion in 2017s. For the latter, much of the cost jump over the year was from fiber cable rollouts - Google has an bad lot of private fiber - while the ad giant also invested in, among other things, data centers and the hiring of more sales and research workers.
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.
Timothe Luwawu-Cabarrot has been traded to the Bulls
Anthony spent his first 14 seasons with Denver and NY before being traded to Oklahoma City ahead of the 2017-18 campaign. However, that could quickly change if the Lakers are able to trade for Anthony Davis at the February 7 deadline.
We continue to invest in both compute requirements and for office facilities.It's unclear. Sundar Pichai, Google's chief executive, used the word "focus" several times Monday in talking about the company's cloud-computing business, which hints that Google is resetting a bit in that business.
Google's cloud unit is laboring through a management transition as well. Alphabet's quarterly earnings call just started, and we'll be listening for more details on the successes Google found in its hardware and services business as well as what drove the losses for other bets. However, those operations showed a $1.3 billion operating loss.
That's a 80 percent increase over its capital expenditures in the fourth quarter of past year.
Alphabet's unaudited assets at the end of December 31st, 2018 totalled $232.79 billion United States dollars (roughly $305.39 billion CAD), an increase from Q4 2017's $197.30 billion USD (roughly $258.83 billion CAD).
"Acquisitions are an attractive complement to what we do to drive organic growth", Porat said on Monday.
YouTube's ad revenue will grow almost 20% this year to $11.38 billion worldwide.