In brief
Google’s market capitalization has exceeded US$800 billion. Alphabet’s second-quarter 2018 revenue grew 26% to US$32.66 billion, and Google still had a chance to become the first company valued at more than US$1 trillion, despite trailing Apple.
The consolidated income statement of Google’s parent company, Alphabet, for the second quarter of 2018 shows that Alphabet generated US$32.66 billion in revenue during the quarter, far exceeding market expectations. Revenue rose 26% year on year, with a faster growth rate than in the same period last year. Google’s advertising revenue grew by approximately 24%, while other revenue, including businesses such as cloud computing, grew by approximately 37%. Although its current market capitalization trails Apple’s US$900 billion valuation, Google still has a chance to become the first company with a market capitalization exceeding US$1 trillion.
Original article URL:https://techcrunch.com/2018/07/23/google-joins-the-race-to-1-trillion/