Alphabet’s first quarter earnings are in, and Google’s parent company posted another slate of relatively strong numbers. Revenue came in at over $41 billion, up 13% year over year, while net income was $6.8 billion, also up about 2.6% year over year. Interestingly though, income numbers were actually down year over year when removing the effects of European Commission’s (eventually) $1.7 billion fine levied last year. Though operating margin for the quarter was still a healthy 19%.
Alphabet stock ($GOOG) is up nearly 8% in after-hours trading.
There are lots of strong numbers here, given the generally questionable global economy.
Google’s “other” revenues, as we like to focus on here because that includes Google’s hardware business, had an increase over 22% year-over-year, which is a big positive move. Though the total revenues of $4.4 billion is a relatively small portion of…