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Free Research Report as Alphabet's Revenue Grew 23.7% and EPS Surged 32%

Stock Monitor: YY Inc. Post Earnings Reporting

LONDON, UK / ACCESSWIRE / November 27, 2017 / Active-Investors free earnings report on Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=GOOGL. The Company posted its financial results on October 26, 2017, for the third quarter of the fiscal year 2017. The Company's revenue and earnings per share (EPS) surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available: www.active-investors.com/registration-sg.

Active-Investors.com is currently working on the research report for YY Inc. (NASDAQ: YY), which also belongs to the Technology sector as the Company Alphabet. Do not miss out and become a member today for free to access this upcoming report at: www.active-investors.com/registration-sg/?symbol=YY.

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 we have decided to include it on our blog post. Today's free coverage is available at: www.active-investors.com/registration-sg/?symbol=GOOGL.

Earnings Highlights and Summary

For the three months ended September 30, 2017, Alphabet's revenue increased 23.7% to $27.77 billion from $22.45 billion in Q3 FY16. The revenue numbers surpassed analysts' expectations of $27.2 billion.

During Q3 FY17, Alphabet's EMEA revenue increased 23% to $9.10 billion on a y-o-y basis. For the reported quarter, the Company's APAC revenue increased 29% to $4.20 billion on a y-o-y basis. During Q3 FY17, Alphabet's Other Americas revenue increased 33% to $1.55 billion on a y-o-y basis.

During Q3 FY17, Alphabet's gross profit increased 20.9% to $16.62 billion from $13.75 billion in the same period of last year. For the reported quarter, the Company's gross margin decreased 140 basis points to 59.9% of revenue from 61.3% of revenue in Q3 FY16.

For the reported quarter, Alphabet's R&D expenses increased 16.9% to $4.21 billion from $3.60 billion in Q3 FY16. For the reported quarter, the Company's sales and marketing expenses increased 18.6% to $3.04 billion from $2.57 billion in the third quarter of 2016. During Q3 FY17, the Company's G&A expenses decreased 12.6% to $1.60 billion from $1.82 billion in the comparable period of last year.

During Q3 FY17, Alphabet's operating income increased 34.9% to $7.78 billion from $5.77 billion in Q3 FY16. During Q3 FY17, the Company's operating margin increased 200 basis points to 28% of revenue from 26% of revenue in the corresponding period of last year.

For the reported quarter, Alphabet's net income increased 33% to $6.73 billion on a y-o-y basis from $5.06 billion in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) increased 32% to $9.57 on a y-o-y basis from $7.25 in the same period of last year. The diluted EPS surpassed analysts' expectations of $8.33.

Segment Details

Google - During Q3 FY17, Alphabet's Google segment's revenue increased 23.4% to $27.47 billion from $22.25 billion in the comparable period of last year. For the reported quarter, the segment's operating income increased 29.1% to $8.74 billion from $6.77 billion in Q3 FY16.

Other Bets - During Q3 FY17, Alphabet's Other Bets segment's revenue increased 53.3% to $302 million from $197 million in the corresponding period of last year. For the reported quarter, the segment's operating loss was $812 million compared to an operating loss of $861 million in Q3 FY16.

Balance Sheet

As on September 30, 2017, Alphabet's cash and cash equivalents decreased 18.1% to $10.58 billion from $12.92 billion as on December 31, 2016. For the reported quarter, the Company's long-term debt increased 0.7% to $3.96 billion from $3.94 billion in Q4 FY16.

For the reported quarter, the Company's net accounts receivable increased 8.2% to $15.30 billion from $14.14 billion in the fourth quarter of 2016. For the reported quarter, the Company's accounts payable increased 31% to $2.67 billion from $2.04 billion in Q4 FY16.

During Q3 FY17, the Company's cash provided by operating activities increased 0.3% to $9.87 billion from $9.85 billion in the same period of last year.

Stock Performance Snapshot

November 24, 2017 - At Friday's closing bell, Alphabet's stock slightly advanced 0.44%, ending the trading session at $1056.52.

Volume traded for the day: 825.37 thousand shares.

Stock performance in the last month – up 6.56%; previous three-month period – up 13.54%; past twelve-month period – up 35.63%; and year-to-date – up 33.32%

After last Friday's close, Alphabet's market cap was at $725.30 billion.

Price to Earnings (P/E) ratio was at 35.20.

The stock is part of the Technology sector, categorized under the Internet Information Providers industry. This sector was up 0.6% at the end of the session.

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