Alphabet revenues up modestly in Q1 as coronavirus sets up tough summer ahead
Not exactly austerity, but it'll be difficult times
Alphabet managed to finish its first financial quarter a step ahead of last year, but the coronavirus pandemic will make its mark on the company in the months to come. As it makes resources available free to consumers, the company will be constricted in what it can do to respond to increased demand for its services.
Total revenues were up 13% to $41.16 billion. Operating income is marked at $7.98 billion — that number would be down 4% from the same period last year if it were not for the European Commission’s $1.7 billion fine against Google for antitrust issues with its AdMob product.
Alphabet revenues up modestly in Q1 as coronavirus sets up tough summer ahead was written by the awesome team at Android Police.
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