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Alphabet submits successful financial report as 33% rise in profits

Google’s Parent company Alphabet has marked 33% rise in profit, and they had a successful financial report.

Alphabet has recorded a net income of $6.73 billion, a 33 percent rise for the third quarter of 2017.Alphabet’s majority of revenue comes from Google’s division. It brought $27.47 billion of the third quarter of 2017.Other businesses include Google Fiber, Waymo self-driving car team, Nest and other brought $307 million in revenue.



Alphabet also broke down Google’s own revenue as a total of $24.065 billion generated in revenues. Other revenues form Google businesses like its Pixel phones, Google Home, and others, along with money from the Google Play Store, totaled $3.405 billion for the quarter which was  $2.4 billion from a year ago. Alphabet also increased its headcount with a total of 78,100 which was 69,953 a year ago.

The financial predictions by financial analysts have been beaten up by Alphabet and it goes over 3 percent in after-hours trading.Finally, it is a good catch in the third quarter.


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Source: Alphabet

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