Alphabet formerly Google reports total revenue was $18.7 billion up 13 percent year-over-year to September this year and 5 percent over the prior quarter. The strengthening of the U.S. dollar, resulted in negative currency on revenues amounting to $1.6 billion or $1.3 billion after the benefit of the company’s hedging program.
At constant currency to prior periods, total revenue grew 21 percent year-over-year and 7 percent quarter over quarter. On a General Accepted Account Principles (GAAP) basis, operating profit was $4.7 billion and the operating margin was 25 percent. Non-GAAP operating profit was $6.1 billion and the operating margin was 33 percent. GAAP operating income was up 26 percent versus last year and GAAP net income from continuing operations was up 36 percent year-over-year. The year-on-year increases reflect a non-cash impairment charge of $378 million in the third quarter of 2014. Non-GAAP operating income was up 15 percent year-over-year and non-GAAP net income was up 19 percent year-over-year.
Profit available to common shareholders excluding extraordinary items amounted to $3.4 billion for the June quarter and $3,515 billion in the March quarter.
GAAP earnings per diluted share were $5.73 non-GAAP earnings per diluted share were $7.35.
Alphabet (Google) makes billions
October 24, 2015 by