Alphabet, parent company of Google, has made public the economic results – financial referred to the four quarter of 2016 announcing earnings of 26,000 million dollars, representing a 22% more compared to the same period of the previous year.
According to the company, much of these results are due to the “big push” given by the new Google hardware and is that these figures include sales of Google Pixel and Pixel XL, and Google Home, devices that were premiered successfully during their first Christmas sales for a wide period part. In fact, success has been such that would have exceeded the expectations of analysts and the stock shows now, insufficient to meet demand.
As we said at the beginning, Alphabet revenues grew by 22% over the 21,300 million dollars for the fourth quarter of 2015, representing a net growth of 5,300 million dollars for the quarter.
However, the company has not reported separately from hardware sales from Google, which are grouped together with the Play Store sales, and more in the section “Other income”, as compared to the previous year, has experienced a growth of 62% reaching 3,400 million dollars, compared to 2,400 million in the last quarter.
Ruth Porat, CFO of Alphabet, says “a big push in new areas of investment from Google” and a solid progress in other bets.
But this last paragraph continues losing money, while revenues have increased from the previous quarter. Revenues were 262 million with an operational billion dollars loss.
Alphabet continues to make adjustments and movements with respect to its subsidiaries. Self-drive automobiles project led to the company called Waymo as they continue tests with the ultimate vehicle of Chrysler; Project Wing is paused and the Internet Titan project was closed, while the division of satellites Terra Bella is being sold.