Alphabet Inc. is the biggest tech giant there is out there. It has many majestic tech companies working under its wing. Google is one of them. Talking about Google, there has been a buzz all around that the company has been spending oodles amount of money from the mega profits that it has been making.
Data Reports by Google Officials
These reports are based on only the data that has been collected in the first quarter of the New Year. Hence, if reports are to be believed – the data submit report for Google revenue and expenses management has been in full swing in the beginning of the year. It is believed that the profits of Google have fired up by a dramatic 70 percent in the first four months of 2018! If this is eye popping, grab your hearts for what you are about to hear next. The capital spending i.e. expenditure of the company is even more than its earnings. So, if the revenue has ringed at an increased 70%, it is estimated that the investments by Google have been at least three times of that!
Statement Released in Old Fashion
It has been a habit of Google to not provide an insightful look into the data statistics but highlight the news as much as they can at time of announcement. This was exactly done by the official representatives of Google earlier on this past Monday too. In similar fashion to the old times the company official representative announced that the revenue by Google has surpassed all expectations greatly. At the same time, it was announced that there have been big changes in the expenditure of Google as well. The statement was precise and to the point – enough to create ample curiosity and leave everyone only guessing the numbers.
Evaluating Recent Investment History of Google Co.
A deep look into the recent past history of the company has made it pretty clear, however, for where the major source of profits must be! It is pretty clear that the recent investment of Google in the Uber Tech Inc. is what has led to the drastic rise in the earnings of the company. This seems like happy news and happy days for Google because it is clear as a picture that this investment in Uber was one of the most ambitious ones Google has ever made till present date.
