MOUNTAIN VIEW, Calif. – October 22, 2015 – Alphabet Inc. (NASDAQ: GOOG, GOOGL), the successor issuer to, and parent holding company of, Google Inc., today announced financial results of Google as it existed prior to the reorganization that became effective on October 2, 2015 for the quarter ended September 30, 2015.
“Our Q3 results show the strength of Google’s business, particularly in mobile search. With six products now having more than 1 billion users globally, we’re excited about the opportunities ahead of Google, and across Alphabet,” said Ruth Porat, CFO of Alphabet and Google.
Find below the Highlights of the Results:
- Revenues of $18.7 billion and revenue growth of 13% year over year; constant currency revenue growth of 21% year over year
- Substantial growth of mobile search revenue, complemented by contributions from YouTube and Programmatic Advertising
- GAAP and non-GAAP operating income of $4.7 billion and $6.1 billion, respectively
- GAAP and non-GAAP diluted EPS of $5.73 and $7.35, respectively
- Strong operating cash flow of $6.0 billion.
Investors are happy with this result and therefore alphabet stock price got increased after this announcement.
Growth of Youtube made significant contribution for increasing the earning of alphabet.
Its board of directors had authorized Alphabet to spend $5.1 billion buying back its own shares. This announcement also made the investors happy.
