The company's revenue also saw slowing growth in the quarter after it rose 21.6% YoY (year-over-year) in the fourth quarter of 2018. Its "other revenues" operations, which includes Google's hardware business (phones, speakers, laptops, etc.) and its cloud services business, delivered $5.45 billion in revenue, a 25% uptick from previous year. Excluding the EC fine, Alphabet said earnings were $11.90 per share.
Alphabet Chief Financial Officer Ruth Porat told analysts the company was experimenting with its ad products as users grow reliant on mobile devices and that it was seeing revenue volatility as a result.
Quarterly costs rose about the same as revenue, up 16.5% from a year ago, to $29.7 billion. Excluding the fine, Alphabet's net income was $8.4 billion-still lower than its net profit of $9.4 billion in the same quarter previous year.
Alphabet's net earnings included a one-time $1.7 billion fine issued by the European Union for anti-competitive advertising practices. At one point, the company's market capitalization sank below $822 billion, a decline of roughly $75 billion, according to Dow Jones Market Data. Wall Street will focus on the "other revenues" category, which includes, among other things, Google's cloud business and its self-driving vehicle segment Waymo, which the company has been working to monetize. On Monday investors will want to see how much farther Google can distance itself from its competitors. The company doesn't break out YouTube and cloud revenue, but the two are important sources of future growth.
On top of a series of announcements at Cloud Next, in particular aimed at companies that want to use Google's cloud in conjunction with their own data centers in a "hybrid" or multicloud arrangement, Google today announced that Nvidia Corp.'s powerful T4 graphics processing unit chips for machine learning and other demanding computing workloads are now available for use in eight cloud regions. Amazon and Microsoft are well ahead of Google in the cloud market. Analysts were looking at revenues of $172.2 million. That's a nice increase from the $26.6 billion from the same quarter previous year. Losses grew to $868 million from $571 million a year ago.
Analysts said the "lack of transparency" over the cause of the slowdown was frustrating for both them and investors. Digital advertising through the Google search engine, Youtube video-sharing network and other platforms drive its profits.
Google CEO Sundar Pichai reiterated those remarks, saying that the entire industry was facing "year-on-year headwinds".
West Texas Intermediate ( WTI ) crude futures climbed 20 cents, or 0.3 percent, to end the session at $63.50. The Saudis face a tricky task to balance the market and help revive their economy while fielding U.S.
Together, they would form an absolute majority but voters from both parties would likely frown on such a move. President of right-wing party Vox, Santiago Abascal, addresses the media after casting his vote.
Explosions erupted at three churches holding Easter services in Colombo , the capital, as well as Batticaloa and Negombo. The emergency law, which takes effect from Monday (local time), prevents Muslim women from veiling their faces.
The fifth-ranked Austrian cruised to victory for his second title of the year, adding to his triumph in Indian Wells last month. I wish him all the best."Last week, Nadal lost in the semi-finals of the Rolex Monte-Carlo Masters against Fabio Fognini".
Boss Marco Silva is keen to retain the 20-year-old, who is highly regarded at Goodison Park despite a hard season, the paper says. Maybe some of them could not have handled Sir Alex's way of managing but we will look to do it our way.
In the video, her on-screen lover, Panic! at the Disco's Brendon Urie , tried to woo her back after a spat. And it seems like Taylor Swift is already letting go of that to become the butterfly that she truly is.
A physical fingerprint scanner is not present on the handset which hints at the presence of an in-display fingerprint scanner. The Flipkart buyers will also be eligible for no-cost EMIs up to six months, and benefits worth Rs. 5,300 from Reliance Jio.
Since then Rayo have failed to beat Madrid in league play, with just one further victory in the Copa del Rey to their name. It is the same for many players because they know that this club is important", Zidane said.
Clippers' forward Danilo Gallinari led his team with 29 points and five rebounds. "Clippers is in", said a Clippers fan. These games will not come down to how well the coaches out-coach each other, but how well can the players play.
Enes Kanter will be challenged to defend at a high level as Jokic is a master tactician and among the league's smartest players. Westbrook mentioned perhaps trying to take better shots next season, but sees the criticism of his overall game as unjustified.
Daily Online Edition of The Sunday Times Sri Lanka
However while this was said, Baghdadi is not in view in the video and it is assumed that the audio clipping was attached later. He also pointed to research that has shown that the less territory the group controls, the more lethal it has been.
Masood Azhar declared global terrorist by UNSC
There had been sustained worldwide pressure on China, particularly from the USA , to remove its objection to Azhar's listing. US, UK, France and many other countries came out in support of India's effort of putting Masood Azhar on sanctioned list.
US Attorney General warns to skip Mueller hearing
Barr and Democrats have always been at odds over the Mueller report and how the attorney general has handled its rollout. Nadler is also recommending a closed session for the committee to discuss the report's redacted sections.
IOS now has a fitness tracking app, Google Fit
The apps included Selfie Camera app, Omni Cleaner, RAM Master, Smart Cooler, Total Cleaner, and AIO Flashlight . It remains to be seen if and when the company will be able to return to doing business on Google Play.
Packers address defense in fifth round, select DL Kingsley Keke
The Green Bay Packers have selected linebacker Ty Summers from Texas Christian University with the 226th pick in the NFL Draft. When he watched the Packers defense last season, Gutekunst felt Pettine didn't have what he really needed - versatile players.
Warriors hold on to take down Rockets in Game 1
After a Harden dunk to cut the Warriors' lead to three, Danuel House Jr. and Chris Paul jumped Durant and forced a turnover. I'd rather have my charity have the money", D'Antoni said , referring to a potential fine for criticizing officiating.
England`s Alex Hales banned for recreational drug use
The England limited-overs batsman did not face any criminal charges, while team-mate Ben Stokes was cleared of affray at a trial. With just over a month to go for the ICC 2019 Cricket World Cup, England's cricket team has been hit by an unwanted controversy.
IPO price values money-losing Uber at $91bn
IPOs of all time and the biggest on a U.S. exchange since Alibaba Group Holding Ltd.'s US$25 billion global record holder in 2014. Reuters reported earlier this month that the combined value of Uber shares sold in the IPO could be around $10 billion.