Alphabet raised revenue, but lost net profits, with an increase in staff to 174,000

Alphabet raised revenue, but lost net profits, with an increase in staff to 174,000

The American Alphabet holding, owned by Google's Internet giant, reported on its work in the second quarter of this year: the results did not meet the projections of outside analysts.

The loan for the three-month period was approximately $69.69 billion, while experts predicted a figure of $69.90 billion. The increase compared to the second quarter of last year was 13%. By comparison, 62% growth was recorded a year earlier. The net annual holding profit declined from $18.5 billion to $16.0 billion.

In total, Google has generated $62.84 billion in all kinds of services, including $7.34 billion in YouTube advertising revenues, and about $6.28 billion in Google Cloud cloud services. For YouTube and Cloud analysts have projected larger revenues of $7.52 billion and $6.41 billion, respectively.

It is noted that the full-time staff of Alphabet increased by 21 per cent over the year: it now stands at 174014 compared to 144056 in the second quarter of last year.