July 29, according to foreign media reports, Google's parent company Alphabet released the second quarter of fiscal 2016 financial report, the previous quarter, Alphabet revenue of 21.5 billion US dollars, net profit of 4.88 billion US dollars.
Google's parent company, Alphabet, released its second-quarter 2016 earnings report. Alphabet's second-quarter revenue was $21.5 billion, net profit was $4.88 billion, and revenue and profit grew more than 20% year-on-year.
Alphabet's last fiscal quarter revenue of 21.5 billion US dollars, higher than previously expected 168.8 US dollars, an increase of 21% over the same period last year.
Alphabet's second-quarter net profit reached $4.88 billion, an increase of 24% year-on-year.
As the parent company's Alphabet revenue and net profit rose sharply, Google's stock price rose nearly $29 on Thursday, reaching $789.7 per share.
Earlier, Apple also released its previous quarter earnings report on Tuesday. Apple's last quarter revenue was 42.3 billion US dollars, net profit was 7.8 billion US dollars. Although the total revenue and profit is much higher than Alphabet, it is different from Alphabet's revenue and profits. With a 20% increase, Apple's revenue and profits both fell, and the 18% sales margin was also lower than the 22% sales margin of Alphabet.
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