Google Reports Strong Quarter Based on Strength of Mobile
By ETCentric
July 29, 2016
July 29, 2016
Google’s quarterly profit rose 24 percent, while revenue increased 21 percent to $21.5 billion, thanks in large part to its advertising and push into mobile, according to The Wall Street Journal. Google is also experiencing success with its cloud services division. Parent company Alphabet reported 33 percent growth of its non-advertising business over the previous year, surpassing Wall Street expectations. “The strength of the quarter is about mobile,” said Google chief exec Sundar Pichai. “Our investment in mobile now underlines everything that we do today, from search and YouTube to Android and advertising.”
Topics: Advertising, Alphabet, Amazon, Android, Cloud, Cloud Computing, Facebook, Google, Mobile, Operating System, Profit, Revenue, Sales, Search, Smartphone, Social Media, Streaming, Sundar Pichai, Video, Wall Street, YouTube
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