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Free Post Earnings Research Report: Alphabet’s Quarterly Earnings Increased 32.02%

LONDON, UK / ACCESSWIRE / July 30, 2018 /

If you want access to our free earnings report on Alphabet Inc. (NASDAQ: GOOGL), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GOOGL. The Company reported its financial results on July 23, 2018, for the second quarter of the fiscal year 2018, ended June 30, 2018. The Company surpassed analysts' consensus estimates for earnings and revenues in Q2 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Alphabet most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=GOOGL

Earnings Highlights and Summary

For Q2 FY18, Alphabet's total revenues reached $32.66 billion, reflecting an increase of 25.56% from $26.01 billion in Q2 FY17. On a constant currency basis, the Company's revenues increased 23% on a y-o-y basis. The Company's reported revenue numbers surpassed analysts' consensus estimates by $530 million.

During Q2 FY18, Alphabet incurred total costs and expenses of $29.85 billion, 36.44% higher than $21.88 billion in Q2 FY17. The Company's cost of sales was $13.88 billion in the reported quarter, up 33.84% from $10.37 billion in the previous year's same quarter. The Company's research and development expenses jumped 22.58% to $5.11 billion on a y-o-y basis, while its sales and marketing expenses advanced 30.48% to $3.78 billion on a y-o-y basis in Q2 FY18. Alphabet had an income from operations of $2.81 billion in Q2 FY18, reflecting a decrease of 32.07% from $4.13 billion in Q2 FY17.

For the quarter ended June 30, 2018, Alphabet's net income was $3.20 billion, down 9.34% from $3.52 billion in the comparable period of last year. The Company's diluted earnings per share (EPS) - Class A and B common stock and Class C capital stock - also fell 9.38% to $4.54 in Q2 FY18 from $5.01 in Q2 FY17. On July 18, 2018, the European Commission (EC) declared that certain contractual provisions in agreements between Google and Android partners infringed European competition law and it imposed a $5.07 billion fine. The Company's earnings results for both Q2 FY18 and Q2 FY17 included this fine. Excluding the EC fine, Alphabet had adjusted diluted EPS of $11.75 on a non-GAAP basis in the reported quarter, up 32.02% from $8.90 in the prior year's corresponding quarter; and surpassed analysts' consensus estimates by $2.21 per share.

Segment Details

During Q2 FY18, Alphabet's Google segment's net revenues were $32.51 billion, 25.47% higher than in the previous year's same quarter. Of this, Google's advertising revenues increased 23.88% to $28.09 billion on a y-o-y basis, while its other revenues jumped 36.53% to $4.43 billion on a y-o-y basis in Q2 FY18. The segment had an operating income of $8.96 billion in the quarter under review, representing an increase of 16.90% from $7.66 billion in the previous year's comparable quarter.

Alphabet's Other Bets segment's revenues were $145 million in Q2 FY18, up 49.48% on a y-o-y basis. The segment had an operating loss of $732 million in the reported quarter compared to $633 million in the year ago corresponding quarter.

Cash Matters

Alphabet had cash, cash equivalents, and marketable securities of $102.25 billion as on June 30, 2018, reflecting a decrease of 0.38% from $101.87 billion as on December 31, 2017. The Company's long-term debt increased 0.30% to $3.98 billion as on June 30, 2018, from $3.97 billion as on December 31, 2017.

Alphabet's cash provided by operating activities was $10.13 billion in the quarter ended June 30, 2018, 36.86% higher than $7.40 billion in the same period of last year. The Company had a free cash flow of $4.66 billion at the end of Q2 FY18.

The Company spent $5.48 billion on the purchase of property and equipment in Q2 FY18, up 93.47% from $2.83 billion in Q2 FY17.

During Q2 FY18, Alphabet spent $2.05 billion on the repurchase of its common stock compared to $1.62 billion in Q2 FY17, reflecting an increase of 26.82%.

Stock Performance Snapshot

July 27, 2018 - At Friday's closing bell, Alphabet's stock dropped 2.54%, ending the trading session at $1252.89.

Volume traded for the day: 2.41 million shares, which was above the 3-month average volume of 1.84 million shares.

Stock performance in the last month – up 12.17%; previous three-month period – up 21.47%; past twelve-month period – up 31.54%; and year-to-date – up 18.94%

After last Friday's close, Alphabet's market cap was at $881.93 billion.

Price to Earnings (P/E) ratio was at 33.65.

The stock is part of the Technology sector, categorized under the Internet Information Providers industry.

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