Summary
Alphabet Inc. reported strong financial performance for the first quarter of 2017, with total revenues reaching $24.75 billion, a 22% increase year-over-year. This growth was primarily driven by the Google segment, which saw a 22% increase in revenues to $24.5 billion, fueled by continued strength in advertising across Google properties and growing contributions from Google Cloud and hardware. Net income for the quarter was $5.43 billion, translating to a diluted earnings per share of $7.73, up significantly from $4.21 billion or $6.02 per share in the prior year's comparable period. The company maintained a healthy operating income of $6.57 billion. Alphabet also demonstrated robust operational cash flow of $9.55 billion, while capital expenditures remained manageable at $2.51 billion, indicating strong financial health and operational efficiency. The company ended the quarter with a substantial cash and marketable securities balance of $92.44 billion.
Financial Highlights
48 data points| Revenue | $24.75B |
| Cost of Revenue | $9.79B |
| Gross Profit | $14.96B |
| R&D Expenses | $3.94B |
| Operating Expenses | $18.18B |
| Operating Income | $6.57B |
| Interest Expense | $25.00M |
| Net Income | $5.43B |
| EPS (Basic) | $0.39 |
| EPS (Diluted) | $0.39 |
Key Highlights
- 1Total revenues grew 22% year-over-year to $24.75 billion.
- 2Google segment revenues increased 22% year-over-year to $24.51 billion, driven by strong advertising performance and growth in Google other revenues.
- 3Net income rose to $5.43 billion from $4.21 billion in the prior year's quarter.
- 4Diluted earnings per share increased to $7.73 from $6.02 year-over-year.
- 5Operating income grew to $6.57 billion from $5.34 billion in the prior year's quarter.
- 6Cash and cash equivalents and marketable securities totaled $92.44 billion as of March 31, 2017.
- 7Operating cash flow was $9.55 billion for the quarter.