Alphabet Archives - CFO

Biden Appoints Big Tech Critic Lina Khan as FTC Chair

Risk & Compliance

Biden Appoints Big Tech Critic Lina Khan as FTC Chair

Khan is one of the most renowned American scholars to criticize large technology companies for market power abuse.

By Lauren Muskett | June 16, 2021

Remote Work Could Bring Google $1B in Annual Savings

Financial Performance

Remote Work Could Bring Google $1B in Annual Savings

Google saved $268 million in expenses from company promotions, travel, and entertainment versus a year earlier.

By Lauren Muskett | April 29, 2021

Chip Supply Shortage Will Last Through 2022: Foxconn

Chip Supply Shortage Will Last Through 2022: Foxconn

The electronics manufacturer supplies big-name tech companies such as Apple, Alphabet, Amazon, and Microsoft.

By Lauren Muskett | March 30, 2021

Google Workers Form a Union

Workplace Issues

Google Workers Form a Union

The ‘minority union’ will have limited power under U.S. labor law until it is supported by a majority of employees.

By Lauren Muskett | January 5, 2021

Alphabet Discloses $15B in 2019 YouTube Ad Revenue

Alphabet Discloses $15B in 2019 YouTube Ad Revenue

In its fourth-quarter report, Google's parent broke out results for YouTube and its cloud services business for the first time.

By Matthew Heller | February 4, 2020

Google to Buy Fitbit for $2.1B

Google to Buy Fitbit for $2.1B

The deal helps Google better compete in the wearables market dominated by Apple and Xiaomi.

By Lauren Muskett | November 1, 2019

Alphabet’s Q2 Results Ease Growth Concerns

Financial Performance

Alphabet’s Q2 Results Ease Growth Concerns

“We’re delivering strong growth," CFO Ruth Porat says after Google's parent reports a 19% increase in revenue to $38.9 billion.

By Matthew Heller | July 26, 2019

Shadow of Rising Costs Looming Over Google

Shadow of Rising Costs Looming Over Google

Google parent Alphabet reports a 24% gain in Q4 revenue but the fees Google pays to third-party search partners jumped 33%.

By Matthew Heller | February 2, 2018

Google Revenue Hits Record on Ad Sales Surge

Google Revenue Hits Record on Ad Sales Surge

Google's core business brought in $24.1 billion during Q3 but it remains to be seen whether its "Other Bets" will ever be as important.

By Matthew Heller | October 27, 2017

EU Hits Google with Record Fine

EU Hits Google with Record Fine

The Internet giant has been ordered to change its practices or face further financial penalties.

By William Sprouse | June 27, 2017

Google Parent Sells Robotics Unit to SoftBank

Google Parent Sells Robotics Unit to SoftBank

Since Ruth Porat became CFO last year, Alphabet has been taking "significant measures to slim down its experimental efforts."

By Matthew Heller | June 12, 2017

Why Workday Adopted New Revenue Recognition Rules Early

Revenue Recognition

Why Workday Adopted New Revenue Recognition Rules Early

CFO Robynne Sisco explains the reasons the company opted, unlike all but a few others, to be an early adopter of the new revenue recognition standard.

By David McCann | March 23, 2017

Google’s Non-Advertising Revenue Rises 62%

Google’s Non-Advertising Revenue Rises 62%

CFO Ruth Porat sees "tremendous potential" in such businesses as hardware products, apps sold through the Google Play store, and the cloud.

By Matthew Heller | January 27, 2017

Google Adds Cloud Services With Apigee Deal

Google Adds Cloud Services With Apigee Deal

The $625 million acquisition of the developer of API management software accelerates Google's push into the enterprise cloud market.

By Matthew Heller | September 9, 2016

Alphabet Stock Tumbles 6% on Earnings Miss

Alphabet Stock Tumbles 6% on Earnings Miss

Adjusted net income rose nearly 16% to $7.50 per share, but analysts were expecting earnings of $7.97 per share.

By Matthew Heller | April 22, 2016