Google is not just making money from the advertising. This is the info based on the earnings date for Google. Google is known to be the first and the foremost the kind of digital advertising juggernaut. In case of Google it is not just the business that is generating the revenue. Google has the other bets section and this will encompass the far flung moonshots like the Waymo, Nest, Fiber, Calico, and even Verily and they saw an increase in the revenue by 53% year over year for an amount of $302 million. In the mode of operation the losses had a slight decline of $812 from an amount of $861 one year ago.
It is worth nothing when compared to the other bets and this can make up 1% of the total Google revenue. This is silver compared to the ad business, and this has a rough ranking of $27.4 billion. Google is being criticized for the reason that some of the moonshot of the company investments are continuing as money losing bets and you have the Alphabet CFO Ruth Porat who is quite pleased with the progress of the business and she is ready to answer to the business call of the day.
It is time to deal with the multi-year investments and for the reason we are repeatedly stressed in trying to address the long term opportunities and needs. If things are going well we are delivering with the long term revenue and the possible earning growth. Porat has explained that investment has to be seeded early for the continuous growth and flourishing in several parts of the globe. Based on the opinion money is thrown on the cloud. Google is being deadlocked as part of the ongoing war with the rest of the cloud providers like Amazon.com and Microsoft.
This is the source of earnings date for Googleand you have the other revenue segment of the company and this will include the Cloud, the Play and the hardware. However, this grew 40% from one year to another and the amount is $3.4 billion during the quarter phase. Google is known to be spending the nice chunk of cash for the best encouragement of the growth process. The better part of the Google’s new hire happens in the third quarter based in the cloud for the sales and the engineering roles. The capital expenditure is expected to grow in the near time in the company investment in technicalities like machine learning and this can contribute in the clouds.
The company has been applying the similar strategy to make the Hardware win in the cloud along with machine learning and the artificial intelligence. The Amazon website has the strength in case of the data and the Azure benefits from the range of the Microsoft services and Google is pushing hard the combination of the hardware and even the software. This is how things are getting popular through Google and help you have the best revenue gain in the coming years.