Google's Alphabet posts strong results

Google's parent company Alphabet has posted a 26 per cent rise in revenue on the same period last year in the latest quarterly figures.

Google's parent company Alphabet has reported a more than 20 per cent increase in revenue in the company's latest financial results.

The technology giant's newly released quarterly figures show a revenue rise of $US31.1 billion ($A41 billion), up 26 per cent on the same period last year.

The strong figures were also supported by a net income rise of almost $US4b to more than $US9.4b, on the same three months in 2017 - a leap of almost 73 per cent.

Analysts attributed it to an increase in profits from internet advertising.

Google continues to generate the vast majority of Alphabet's revenue and income - $US30.9b of the $US31.1b revenue came from Google's portion of the business, which includes the search engine, as well as hardware such as the Pixel smartphone and Google Home line of smart speakers.

"Our ongoing strong revenue growth reflects our momentum globally, up 26% versus the first quarter of 2017 and 23% on a constant currency basis to 31.1 billion dollars," Alphabet chief financial officer Ruth Porat said.

"We have a clear set of exciting opportunities ahead, and our strong growth enables us to invest in them with confidence."

Google is due to hold its annual developer conference in May, where the firm is expected to reveal the next version of its Android mobile operating system, the most widely used OS globally, and could also announce new features for its Home smart speakers line.


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Source: AAP



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