The ABCs Of Alphabet's Second Quarter
Alphabet, driven by its largest subsidiary, Google, turned in big second-quarter results last week, beating analyst expectations and sending its stock soaring.
The company's $21.5 billion in second-quarter revenue delivered 25 percent year-over-year growth, certainly pleasing hard-nosed investors.
But remember way back in those seemingly halcyon days of almost a year ago, before the Alphabet holding company was created to implement financial discipline, when Google was frequently chided for pursuing lofty goals and hard financials seemed so humdrum. Wasn't it more fun to talk about Google back then?
While the restructuring around Alphabet might have injected a level of pragmatic discipline, Sundar Pichai (pictured) clearly hasn't lost that spirit of yesteryear. Google's CEO dedicated a good portion of the earnings call to talking about a future world of intelligent machines, voice-enabled virtual assistants, virtual reality and doing good for the environment.
