Google or Alphabet as their parent company is now known as it now the world’s most valuable company.
Yesterday Alphabet announced their financial results yesterday and it broke previous records with revenue for Q4 at $21.3 billion and earnings per share of $8.67.
Alphabet now has a market capital of $558 billion, this makes it the world’s most valuable publicly traded company, Apple was previously in first place with market capital of $535 billion.
“Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we’ve been investing for many years. We’re excited about the opportunities we have across Google and Other Bets to use technology to improve the lives of billions of people,” said Ruth Porat, CFO of Alphabet.
Google saw an increase in revenue in quarter 4 of 18% over the previous year, you can see the full earnings report at the link below.
Source AlphabetFiled Under: Technology News, Top News