Financials - Net profit stood at $4.88 billion a rise of 24% from $3.93 billion in the same quarter last year. - Alphabet reported revenues of $21.5 billion, an increase of 21% from $17.72 billion in the same period last year. - Google as a segment reported revenues of $21.3 billion, an increase of 21% from $17.65 billion from the same quarter last year. - Google’s websites reported revenues of $15.4 billion, an increase of 24% from $12.4 billion in the same period last year. - Advertising revenue stood at $19.14 billion, increasing 19% from $16.02 billion in the same period last year. Alphabet Inc (formerly Google Inc) posted a net profit of $4.88 billion for the quarter ended June 30, 2016 (Q2 2016), a rise of 24% from $3.93 billion in the same quarter last year. The company also reported revenues of $21.5 billion, an increase of 21% from $17.7 billion in the same period last year. Alphabet’s revenues from its Other Bets division which includes its fiber business, life sciences and X business (the company’s moonshot research and development division) stood at $185 million and from Other Revenues (cloud business, Play store revenues etc.) stood at $2.17 billion, up 33% year on year from $1.6 billion last year. Some takeaways from Alphabet’s earnings and call with analysts: Internet for everyone: Google now has 2 million users logging in monthly on its WiFi initiative with Indian Railways and RailTel. According to Google CEO Sundar Pichai, “We are working with…
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