[Numbers] Alphabet reports first-half revenue of $ 51 billion

by bold-lichterman

  • Alphabet announces sales of $ 50.7 billion for the first half of 2017, i.e. 22% increase compared to the same period in 2016.

  • At the same time, Google’s parent company saw its operating costs increase by 32%, due to a 28% increase in the cost of sales (cost of revenues), and the impact of the fine of 2.7 billion dollars imposed by the European Commission.

  • His net income, at $ 8.9 billion, decreased slightly compared to the previous year.

Google’s parent company is doing well. Alphabet, which presented its quarterly results this Monday, July 24, in fact closes the first half of 2017 with a turnover of 50.7 billion dollars (unaudited). This corresponds to an increase of 22% compared to the same period in 2016.

At the same time, the company saw its operating costs increase by 32%, to reach 40 billion dollars. More precisely, the cost of its sales (cost of revenues) increased by 28%. And for good reason, it has a workforce of 75,606 employees, against 66,575 people in June 2016. The American company has also included the fine of 2.7 billion dollars that it was imposed by the European Commission in the calculation. As a direct consequence of this, its net income, at $ 8.9 billion, declined slightly.

If we take a closer look at the results for the second half of 2017, Alphabet posted sales up 23% compared to 2016, at constant exchange rates. Its real estate revenues, at $ 18.4 billion, rose 20% while advertising revenues, of $ 22.6 billion, rose 18%. Its operating margin, at 16%, down 12 points compared to the previous year.

Read also: Why Google will not suffer a tax adjustment of one billion euros in France

Photo credit: Google