Google’s parent company, Alphabet beats Q4 profits

Google’s parent company, Alphabet, has broken its previous record in terms of earnings. Alphabet has earned a profit of $ 8.94 billion (about 64 thousand crore rupees) in the fourth quarter of fiscal year (October-December).

New Delhi: Google’s parent company Alphabet has broken its previous record in terms of earnings. Alphabet has earned a profit of $ 8.94 billion (about 64 thousand crore rupees) in the fourth quarter of fiscal year (October-December). During this period, the company generated revenue of $ 39.3 billion (about 2.8 lakh crore rupees). This is 22 percent more than the fourth quarter of 2017. In the year 2018, the company’s earnings increased 23 percent to Rs 9.8 lakh crore in the entire year. However, in spite of that, the alphabet shares have fallen in spite of this.

Highest earning from advertising

Alphabet got the most revenue from ads run on Google. This came to the company $ 32.6 billion (Rs 2.3 lakh crore) At the same time, the company earned $ 6.4 billion (about Rs 46,000 crore) from the hardware, Play Store and Google Cloud.

One lakh employees, spent Rs 2.2 lakh crore

The company has around one lakh employees all over the world. The alphabet has spent about 2.2 lakh crore rupees in this period. Alphabet’s Chief Financial Officer Ruth Porat said that in 2018, the company generated revenue of Rs 9.8 lakh crore.

Though the stock dropped

Even after these good results, the shares of the company were seen to decline. On Tuesday, the company’s stock fell 3.3 percent to Rs 79,000 per share in the US stock market. Google’s total expenditure was $ 31 billion (about 2.2 lakh crore rupees). Rob Annereley, an analyst at Silicon Valley, said that Google has a gold egg hen as an ad business.