April 22, 2021

Google earns 30,736 million dollars in 2018, 143% more than in 2017

Google earns 30,736 million dollars in 2018, 143% more than in 2017


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The Internet giant Alphabet, parent company of Google, obtained a net profit of 30,736 million dollars in 2018, which is 143% more than the previous year, when the company achieved 12,662 million.

The company said on Monday after the closing of the New York Stock Exchange that in the last fiscal year its revenues amounted to 136,819 billion dollars, 23% more than the 110,855 achieved in 2017, slightly exceeding the margins advanced by analysts.

«In 2018 we achieved a strong growth of revenue, 23% year-on-year to 136.8 billion, and 22% for the fourth quarter to 39.3 billion, "said the chief financial officer of Alphabet and Google Ruth Porat, quoted in the statement of the company .

Long-term debt has gone from 3,969 million dollars to 4,012 million, 1.07% more.

Compared to the fourth quarter of last year, marked by the great volatility of New York parquet, the company achieved an income of 8.948 million dollars, compared to the 3.020 million losses suffered between October and December 2017.

Also, in the last three months of 2017, the rates paid by Google to various platforms such as Manzana by using its search engine as a search engine they increased to 7,436 million, compared to 6,450 million in 2017, an increase of 15.3%.

Last year's results also highlight the benefits achieved in other segments, which include business related to the cloud and hardware sales. In this section, Alphabet it went from 4,965 million in 2017 to 6,487 million in 2018, that is, 30.65% more.

In addition, it has registered profits of 154 million in the section of «Other bets», where your investments in health are included with the company Verily or your autonomous vehicle bet launched with Waymo.

Despite achieving a year-on-year growth of around 18% in this section, the company has not managed to surpass the expectations of the analysts who placed them at around 187 million.

Google, founded in 1998 by Larry Page and Sergey Brin has 90,000 employees worldwide. In October 2015, Alphabet became the parent of Google.

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