Babar Khan Javed
Feb 5, 2018

Google achieves revenue milestone

Alphabet continues to reinvest in Google's advertising solutions and connected services for the enterprise space.

A Google store on the company's Mountain View, CA, campus. (Source: Shutterstock)

Good news, bad news.

Alphabet, Google's parent company, reported a net loss of $3.02 billion for Q4 2017 due to a tax hit, while annual revenue for 2017 was $110.8 billion, up from $90.2 billion in 2016.

Without the tax hit, the profit for Q4 2017 was $6.84 billion, representing a 21.15% profit margin.

Revenue was primarily driven by Google's advertising business, with $27.7 billion in the fourth quarter,...

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