Alphabet's EPS at $15.35 in Q4

Monday, 03. February 2020 22:03

Google LLC's parent company Alphabet Inc. announced on Monday that its revenue stood at $46.07 billion in the fourth quarter of 2019, rising 17% on an annual basis. The company reported diluted earnings per share (EPS) at $15.35 in the same trimester, a growth of 20% year-over-year. Net income increased by 19.2% to $10.67 billion in the closing quarter of fiscal 2019 while operating income landed at $9.27 billion over the same period, climbing 12.8% annually.

For the first time, Alphabet disclosed Cloud and YouTube revenue. YouTube generated $4.72 billion in ad revenue during the three-month period ending December 31, up from $3.61 billion a year ago, while Cloud's revenue amounted to $2.61 billion, increasing from $1.71 billion recorded in the same trimester in 2018.

For the whole year 2019, the company posted revenue of $161,86 billion, surging 18.3% compared to 2018, while its diluted EPS rose 12.5% year-over-year to $49.16 in the same year. Tech giant's net income stood at $34.34 billion, a jump of 11.7% on an annual basis, while its operating income was up by 24.4% to $34.23 billion in fiscal 2019 compared to the previous year.

"Our investments in deep computer science, including artificial intelligence, ambient computing and cloud computing, provide a strong base for continued growth and new opportunities across Alphabet," the company's CEO Sundar Pichai said in a statement.

Alphabet's stocks dropped 4% in after-hours trading following the announcement.

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Breaking the News / GA