Alphabet records $26.06 billion in revenue, $5.3 billion in net income for Q4 2016


Google’s parent Alphabet has announced financial results for Q4 2016. The company has recorded $26.06 billion in revenue and $5.3 billion in net income. The company reported $22.4 billion in revenue and $5 billion in net income last quarter.

The majority of Alphabet’s revenues came from its Google division, which brought in $25.8 billion in the fourth quarter, up from $21.2 billion from a year ago. The company’s “Other Bets” which includes Google Fiber, home automation products Nest, self-driving cars and X – the research division recorded

Ruth Porat, CFO of Alphabet said,

Our growth in the fourth quarter was exceptional — with revenues up 22% year on year and 24% on a constant currency basis. This performance was led by mobile search and YouTube. We’re seeing great momentum in Google’s newer investment areas and ongoing strong progress in Other Bets.

Related Posts with Thumbnails

Author: Sneha Bokil

Sneha Bokil is a tech enthusiast and is currently using OnePlus 3T but she still treasures her Nokia N70 (M). You can follow her on Twitter @snehabokil and on Google+