0
Broadband

Alphabet revenues jump 26% in Q1, helped by new accounting rules, currency effects

Tuesday 24 April 2018 | 08:44 CET | News
Google parent company Alphabet said revenues for the first quarter jumped 26 percent from the year before to USD 31.15 billion, helped by currency fluctuations. On a constant currency basis, revenues went up 23 percent in the quarter. The net profit leaped to USD 9.40 billion from 5.42 billion, with diluted earnings per share rising to USD 13.33 from 7.73, helped by new accounting standards, which change how companies report equity investments. Without these changes, the net profit would have reached USD 7 billion and diluted EPS around USD 9.93. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Alphabet / Facebook / Google
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Google Q2 profit hit by EU fine but cash position unaffected

Published 24 Jul 2018 09:01 CET | World
All operations contributed to the strong results, with Google segment revenues, including Nest, rising to USD 32.512 billion from ...

Facebook to roll out new privacy measures, better teen protection worldwide

Published 18 Apr 2018 11:15 CET | World
Facebook said it will be rolling out new privacy steps over the coming weeks, starting in Europe. The company said the measures ...

EU's Ansip to meet Zuckerberg for first time

Published 17 Apr 2018 16:12 CET | Europe
The European Union's digital chief is set to meet Facebook CEO Mark Zuckerberg for the first time to discuss issues such as data ...

UN agency calls for global action on data protection

Published 16 Apr 2018 11:43 CET | World
The recent Cambridge Analytica scandal over improper use of Facebook data has highlighted the need to impose greater regulation ...

EU to urge action on fake news by year-end – report

Published 13 Apr 2018 10:24 CET | Europe
The European Commission is preparing to draw up a "Code of Practice" by July that will commit online platforms and advertisers to ...

Consumer organisations put Facebook on notice

Published 11 Apr 2018 10:46 CET | Belgium
Belgian consumer group Test-Achats/Test-Aankoop said it has met with Facebook representatives, together with sister organisations ...

Facebook CEO to apologise in testimony to Congress

Published 10 Apr 2018 08:47 CET | United States
Facebook CEO Mark Zuckerberg plans to apologise for the recent problems at the social network when he gives testimony to a US ...

Nearly 86,000 South Koreans affected by Facebook data leak

Published 06 Apr 2018 17:15 CET | Korea, Republic of
Almost 86,000 South Korean users may have been inadvertently affected by a leak scandal, writes Korean online publication ...

German lawmakers, cartel authorities pile pressure on Facebook over data breach

Published 06 Apr 2018 14:10 CET | Germany
German lawmakers have continued to pile pressure on Facebook in the wake of the Cambridge Analytica scandal as the number of ...

Facebook 'improperly shared' data of 2.7 mln EU citizens

Published 06 Apr 2018 13:46 CET | Europe
The European Commission has confirmed that political consultancy Cambridge Analytica obtained the personal information of 2.7 ...

Canada starts investigation into Facebook data breach

Published 06 Apr 2018 13:42 CET | Canada | Update: 09 Apr 2018 09:46 CET
The Canadian investigations will examine whether Facebook and Aggregate IQ are in compliance with Canada's Personal Information ...

Spain launches Facebook data breach probe

Published 06 Apr 2018 09:26 CET | Spain
Spain's data protection agency (AEPD) has become the latest national watchdog to launch an investigation into Facebook after the ...

Facebook facing criminal sanctions in Indonesia over data breach

Published 06 Apr 2018 09:10 CET | Indonesia
Facebook is facing potential criminal sanctions in Indonesia on grounds of privacy breaches following the Cambridge Analytica ...

Facebook under probe in Australia in Cambridge Analytica case

Published 05 Apr 2018 09:09 CET | Australia
Facebook revealed more than 300,000 Australians may have had their private data used without their knowledge. Acting Information ...

Facebook says most users affected by personal data scraping scheme

Published 05 Apr 2018 08:33 CET | World
Facebook has released further details on possible abuse of personal information on the social network, saying most users may have ...

German Green Party head calls for govt to break up Facebook

Published 03 Apr 2018 15:42 CET | Germany
The head of Germany's Green Party Robert Habeck has called for Facebook to be broken up given that the social network and other ...

Facebook privacy concerns reflect global e-commerce task - UN

Published 29 Mar 2018 10:24 CET | World
The Cambridge Analytica scandal over improper use of Facebook data "vividly illustrates that most countries are ill-prepared for ...

Facebook to phase out third-party data targeting, pause app review

Published 29 Mar 2018 10:04 CET | World
Facebook has announced the closure of "Partner Categories", a product enabling advertisers to use information from third-party ...

Facebook updates privacy settings, plans new terms of service

Published 28 Mar 2018 13:50 CET | World
Facebook has confirmed an overhaul in privacy settings on the social network in order to make it easier for users to control ...

Facebook apologises in newspaper ads, defends data collection practices

Published 26 Mar 2018 09:01 CET | World
Facebook took out full-page ads in US and UK newspapers in recent days so CEO Mark Zuckerberg could issue an apology to users of ...

UK MPs ask Facebook CEO to testify about data breach

Published 21 Mar 2018 16:50 CET | United Kingdom
The UK's Digital, Culture, Media and Sport (DCMS) Committee has written to Facebook CEO Mark Zuckerberg asking him to appear ...

German lawmakers prepare to call Facebook in for questions over data leaks

Published 21 Mar 2018 11:15 CET | Germany
Members of the Digital Committee in the lower house of the German parliament, the Bundestag, have said they want to summon ...

Italy's Agcom asks Facebook for clarification on data use

Published 21 Mar 2018 10:42 CET | Italy
Italian watchdog Agcom has become the latest regulator to request information from Facebook on use of data analytics for ...

FTC investigating Facebook for use of personal data - report

Published 20 Mar 2018 16:05 CET | United States
The US Federal Trade Commission has launched an investigation into whether Facebook violated an agreement on privacy terms with ...

Alphabet revenue up 22% to USD 24.8 bln in Q1

Published 28 Apr 2017 08:35 CET | World
Google parent company Alphabet reported sales of USD 24.75 billion in the first quarter, up 22 percent year on year, driven by ...