Alphabet announces $20.2 billion in revenue for Q1 2016
It’s that time of year once again where giant companies announce giant numbers. Alphabet, the parent company of Google, announced earnings for the first quarter of 2016. Strong numbers have been reported for year-over-year growth. $20.25 billion in revenue and $4.2 billion in income highlight the numbers.
The numbers here reflect Alphabet’s heavy hitters. Things like Search, YouTube, Nexus, Chrome, and of course Google. Other smaller projects, such as Nest, are separated into “Other Bets.” There are a lot of big numbers here that probably don’t matter much to you. We’ll highlight some of the important points.
- Operating income of $5.34 billion
- Operating margin of 26%
- Net income of $4.2 billion
Altogether, Google has $75 billion in cash holdings. They increased to 64,115 employees. Lastly, here’s how the “Other Bets” did in Q1.
- Revenue up from $80 million to $166 million
- Operating loss up from $633 million to $802 million
As you can see, Alphabet (and Google) are doing very well. You can read the lengthy earnings report here, or watch the earnings call on video.