Sign up to receive 5 free days of our daily summary for tech news.

Introducing our newly updated org charts. Browse our org charts on companies like Uber, Facebook, and Airbnb all in one place.
Google

Google Shows 21% Growth in Revenue

Google’s advertising business continues to grow, albeit at a slightly slower rate than last year, up 20% year over year to $28.95 billion. Overall sales were up 21% to $33.74 billion, with profits of $9.19 billion. CEO Sundar Pichai also touted growth in other businesses, like hardware and cloud, though capital expenditure costs continue to rise to support the different business areas. Pivotal Research analyst Brian Wieser noted that growth in revenues for Google’s “other” businesses—Cloud, Play Store and Hardware— was 29%, higher than the overal growth rate. But this was the slowest rate of growth in nearly three years, Pivotal said.

Mr. Pichai dodged a question about Google’s plans for China, saying it is “looking for ways by which we can better service Chinese users,” but did not comment on if that included censored search options.

0 Subscriber comments


Sign up for our weekly newsletter and 5 complimentary days of our daily tech news roundup.

Already a subscriber? Log in here