News

Customer Behaviour

Google parent company Alphabet reported a strong last quarter in its latest financial results, announcing a revenue increase of more than five billion US dollars (£3.8bn) on the same period last year.

The technology giant saw revenue for the three months ending September 30 rise by 24%, with net income also increasing to 7.8 billion dollars (£5.9bn).

The company’s chief financial officer Ruth Porat said the firm was delighted with the way it was performing.

“We had a terrific quarter, with revenues up 24% year on year, reflecting strength across Google and Other Bets,” she said.

“Our momentum is a result of investments over many years in fantastic people, products and partnerships.”

Google continues to make up the vast majority of the companies revenue and income, however the so-called “other bets”, which include Alphabet’s Waymo driverless car business, as well as the Project Loon WiFi-enabled weather balloon venture saw revenue increase and losses fall.

Total other bets revenue was up to 302 million dollars (£229m), from 197 million dollars (£149m) in the same period last year.

Google has just launched a string of new hardware products, including a new smaller version of the Google Home smart speaker, the Mini.

The company has also announced the latest generation of its own-built smartphone, the Pixel 2, however the larger Pixel 2 XL version of the device, which is due to go on-sale next month, has been hit by some reports of screen ‘burn-in’.

The issue can affect high-resolution screens, and causes images that are displayed for a long period to be ‘burned’ into the screen, appearing faintly even when nor on display.

The tech giant has said it is investigating the issue.

You may also like...

Keep Up To Date - Subscribe To Our Email Newsletter Today

Get the latest industry news direct to your inbox on all your devices.

We may use your information to send you details about goods and services which we feel may be of interest to you. We will process your data in accordance with our Privacy Policy as displayed on our parent website https://ebm.media