Under the new structure, Alphabet has today announced the Q3 2015 earnings report for Google and as usual there’s money everywhere. The good news is that Google made money, lots of it.
Ruth Porat, CFO of Alphabet and Google said of the Q3 results:
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.
The investor call is currently ongoing, but the highlights from the report are:
- $18.7 billion revenue for Q2, up 13% on Q2 2014.
- $3.9 billion Net Income, up from $2.7 billion for Q2 2014.
- $72.7 billion in cash, up from $69.7 billion cash last quarter
- Google now has a headcount of 59,976, up from 57,148 last quarter
Share price wise, Google (GOOG) saw a close at US$651.79 per sharem which jumped to US$722.50 in after hours trading an increase of 10.85%. On share news, the board has authorised a buy back of Class-C type shares valued up to US$5 billion which will start in the 4th Quarter.
The WebCast is currently going on and you can view it here;