Arab Today, arab today google quarterly profit edges up
Last Updated : GMT 15:29:37
Arab Today, arab today
Arab Today, arab today

On revenue surge

Google quarterly profit edges up

Arab Today, arab today

Arab Today, arab today Google quarterly profit edges up

Google first-quarter profit edged higher
New York - Arab Today

Google said Thursday first-quarter profit edged higher from a year ago as the Internet giant reported a healthy rise in advertising revenues.

Net profit rose four percent from a year earlier to $3.59 billion, while revenue surged 12 percent to $17.3 billion, led by gains from online advertising.

Like other global firms, Google saw its results hit by the strong dollar.

Chief financial officer Patrick Pichette said that on a constant-currency basis, revenue grew 17 percent from a year ago.

"We continue to see great momentum in our mobile advertising business and opportunities with brand advertisers," he said in the earnings statement.

Advertising made up the bulk of Google revenues, and receipts from its own sites and those of its partners rose more than 10 percent from a year earlier.

The results nonetheless were short of most Wall Street forecasts, and underscored competition with Facebook, which this week reported a 46 percent jump in ad revenues.

Google shares still managed to trade higher by two percent in after-hours trading to $558.06.

The earnings report comes with Google facing a formal antitrust challenge from the European Union, which alleges it abused its dominance in search to promote its own services.

The EU is also investigating Google's dominance of the global mobile phone system with its Android platform. Google has maintained that it does not stifle competition.

The results underscore Google's reliance on advertising revenues despite a range of projects such as self-driving cars, Internet balloons and other services such as local Internet delivery and a new mobile carrier business.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today google quarterly profit edges up Arab Today, arab today google quarterly profit edges up

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today google quarterly profit edges up Arab Today, arab today google quarterly profit edges up

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الاقتصاد
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday