Wednesday, 24 April, 2019

Alphabet profit margins slide due to rising Google costs

Bulls Look to Alphabet Results to Keep Tech Stock Rally Going Google's tumultuous year didn't stop it from making more money than ever
Russell Knight | 05 February, 2019, 20:22

Gross revenue rose 22 percent, or 23 percent before currency shifts, to $39.3 billion.

Alphabet CFO Ruth Porat has stated that the company's rate of growth will slow further, but continued investment in shoring up its flagship products is expected to stand Google and its other interests in good stead.

'Capex is growing at a sizable clip and the primary driver continues to be investing in technical infrastructure to support growth.By that we mean data centers and machines.

Facebook Inc's better-then-expected fourth-quarter results last week had lifted expectations for Alphabet as they suggested that concerns about a global economic slowdown may be overblown. Additionally, the company's net income totalled $8.95 billion United States dollars (roughly $11.74 billion CAD) in Q4 2018.

The downside is average ad prices are shrinking as Google serves more commercial messages through computerized placements and on YouTube - both of which tend to have lower prices than Google's traditional desktop PC web search messages. That compared to analyst estimates of $7.69 billion, or $10.87 per share. The company also hired more engineers for its Google Cloud Platform in the fourth quarter.

The loss past year related to a one-time charge from new U.S. tax rules, while earnings since then have benefited from new rules about valuing Alphabet's dozens of investments in external startups.

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He said there was "a very good chance that we will make a deal". "The meeting is set", said the president. The South Korean and American flags fly next to each other at Yongin, South Korea , August 23, 2016.

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They also discuss if Edelman should have won MVP, and the struggles of Gurley and Goff. They are tied with Pittsburgh for number of wins (six).

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For starters, analysts believe Google will remain dominant in search.

Quarterly profit was $8.95-billion, or $12.77 per share, compared with a $3-billion loss a year ago. The number of clicks on ads that Google ran on its own services surged 66 percent in the fourth quarter, versus the 2017 holiday period.

Another Google segment of wide interest, called "Other Bets", that includes such companies like as health venture Verily and self-driving firm Waymo, rose 18 percent, to $154 million, well short of the $187.4 million analysts were looking for. Excluding traffic acquisition costs, the revenue consensus was $31.3 billion, up 21 percent.

Other revenue - which includes hardware, Play Store, and Google Cloud enterprise efforts - reported $6.4 billion.

The company added almost 19,000 employees throughout 2018, ending the year with 98,771 employees total.

One of the biggest challenges, it seems, that Alphabet faces is the battle to dominate cloud storage and services. However, those operations showed a $1.3 billion operating loss. Porat said Waymo is having conversations with "a number of cities" about a driverless auto service. A big chunk of that was the HTC phone team it acquired past year to design and build its own handsets. Referred to internally as "Project Dragonfly", Google was said to be preparing to introduce the censored engine in 2019 but later abandoned the plans.

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