Alphabet Announces Second Quarter 2018 Results [pdf] • Hacker News Board

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#111

Post by dekhn » Tue, Jul 24, 2018, 10:15 AM UTC

jacques_chester wrote: post #48

tequila_shot wrote: post #2

Honest question: First time reading quarter results. How do I interpret these results?

Revenue: sales recorded. This might or might not represent cash coming through the door in this quarter, but it represents that there is an agreement for cash and goods/services to change hands. Operating income: Money left over after you subtract the costs of operating the business and making the sale. In a manufacturing firm, for example, you would subtract the cost of the materials in the goods sold. For Google th…

You left out Traffic Acquisition Costs: money Google pays to other companies to make them guide traffic to Google sites (increasing ad impressions).

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#112

Post by MarkMc » Tue, Jul 24, 2018, 10:19 AM UTC

philipodonnell wrote: post #23

Revenue up 26% YOY (good but expected). Big one for me is advertising segment revenue as % of total segment revenue, down to 86.3% from 87.4%, which is good, they have got to diversify away from ads eventually. Disappointing to see the "other bets" still at a paltry $145M and losses are growing faster. Also no mentioned whatsoever of cloud performance. Employee count up 15% but Wow, that was a big fine though.

As an Alphabet shareholder I'm quite happy with revenue heavily focused on advertising, since that is where I see the biggest growth opportunity. In fact I would like Alphabet to spin off their Waymo self-driving car company so I can sell my share in it. If other shareholders want to diversify they can just sell their Alphabet shares and buy a range of other stocks.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#113

Post by Cthulhu_ » Tue, Jul 24, 2018, 10:31 AM UTC

tim333 wrote: post #108

notatoad wrote: post #95

Earlier quoted context omitted.

that seems like a strange conclusion, since a huge majority of the revenue and growth is still coming from Google.

I think one of the advantages of that structure is the head of Google now just focuses on Google instead of trying to think about a dozen other businesses as well.

Indeed, focus is a great thing. Although weirdly enough, Android is still part of Google as well; you'd think that'd be a prime candidate to move alongside Google as its own venture.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#114

Post by amelius » Tue, Jul 24, 2018, 10:49 AM UTC

Flammy wrote: post #34

samfisher83 wrote: post #27

Earlier quoted context omitted.

It hurt, but they still made 3 bil. If they have to pay 5 billion once a year to ensure they have a monopoly I don't that that is a bad trade for them.

> If they have to pay 5 billion once a year to ensure they have a monopoly I don't that is a bad trade for them. That exact logic/approach is why we're seeing larger are larger fines, EU basically saying 'shape up, you can't ignore us.'

It may become worthwhile to spend on the order of $1B on lobbying though.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#115

Post by agumonkey » Tue, Jul 24, 2018, 10:51 AM UTC

tim333 wrote: post #108

notatoad wrote: post #95

Earlier quoted context omitted.

that seems like a strange conclusion, since a huge majority of the revenue and growth is still coming from Google.

I think one of the advantages of that structure is the head of Google now just focuses on Google instead of trying to think about a dozen other businesses as well.

I wonder what's the idea behind google growth ... maybe android apps improvements got them more visits/ads

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#116

Post by mlevental » Tue, Jul 24, 2018, 12:22 PM UTC

garmaine wrote: post #110

senatorobama wrote: post #107

Earlier quoted context omitted.

Why do people add disclaimers to clarify where they worked? No one cares.

People do care about conflict of interest disclosures.

in the comments section of hn? it's almost always puffery.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#117

Post by jacksmith21006 » Tue, Jul 24, 2018, 1:47 PM UTC

imjk wrote: post #54

patmcguire wrote: post #49

Earlier quoted context omitted.

Is the A Apple or Amazon? No one is anywhere close to Amazon in headcount growth.

The collective is more commonly referred to as "FAANG": https://www.investopedia.com/terms/f/faang-stocks.asp . So the answer would be both.

Apple is not part of FANG. It is an acronym coined by Jim Cramer for companies that have hyper growth.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#118

Post by jacques_chester » Tue, Jul 24, 2018, 2:43 PM UTC

JumpCrisscross wrote: post #40

jacques_chester wrote: post #39

Earlier quoted context omitted.

It's intended to show an underlying trend of continued growth. That's the story they want Wall St to absorb.

> an underlying trend of continued growth I understand the reasoning, and frankly agree with it. It's just funny. I don't remember banks, post-crisis, breaking their numbers out so overtly. Usually it was "less one-time charges" or something similarly circuitous.

This is sort of why GAAP and IFRS are constantly-evolving reporting standards: companies always want to present the best-possible version of events and investors always want to know the bad news.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#119

Post by candiodari » Tue, Jul 24, 2018, 3:11 PM UTC

amelius wrote: post #114

Flammy wrote: post #34

Earlier quoted context omitted.

> If they have to pay 5 billion once a year to ensure they have a monopoly I don't that is a bad trade for them. That exact logic/approach is why we're seeing larger are larger fines, EU basically saying 'shape up, you can't ignore us.'

It may become worthwhile to spend on the order of $1B on lobbying though.

And legal. Are either of those fines final yet ?

But I find for both of those fines the stated reason from the EU very hard to believe. Does anyone miss "shopping comparison sites" ? I sure as hell don't ...

And the android search choice ? Really ? None of the other search engines support google assistant, and that's the only searching I do on android. Presumably that would never work without close collaboration between all search engines, and ... that's just not going to happen. Nor does iPhone allow you to switch search providers (nor, for that matter, does the redmi or even the amazon phone), so ... hmmm ... both of these "anti competitive actions" are really the norm in the marketplace. If firefox starts coming with an actually good "mozilla assistant" (Mozique ? heh), then perhaps we can start talking about this.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#120

Post by relaunched » Tue, Jul 24, 2018, 3:19 PM UTC

zeusk wrote: post #106

relaunched wrote: post #79

Earlier quoted context omitted.

Microsoft's Enterprise sales force is second to none and they are clearly the number 2 in the cloud space. However, shifting office365 (a SAAS offering) to be reported as cloud revenue is disingenuous.

It runs on Azure, ties in with Azure AAD, Microsoft Dynamics 365, Microsoft Graph, and is offered as part of "Microsoft 365". What's so disingenuous about that?

Cloud is generally accepted as a series of P / IAAS offerings, where clients are paying for infrastructure. Office365 is a SAAS offering, where clients are paying for software that does something, that happens to be hosted in the cloud. In the context of Microsoft's, Google's, Amazon's cloud businesses, Microsoft is comparing apples & oranges to everyone else's oranges.