Alphabet Inc

GOOGL

Equity

ISIN US02079K3059 / Valor 29798540

NASDAQ (2024-09-13)

USD 157.46+1.79%

Alphabet Inc
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About company

Alphabet Inc., established as the parent company of Google, operates as a conglomerate holding company overseeing a collection of businesses, with Google being its largest and most well-known entity. Alphabet was created to provide a more structured organization for Google's expansive range of internet products and services, as well as to foster growth and innovation within its more speculative ventures, such as Life Sciences (focused on health technologies like glucose-sensing contact lenses) and Calico (dedicated to longevity research). Under this new structure, Alphabet aims to enhance management efficiency and focus by allowing its diverse subsidiaries to operate independently, each led by strong CEOs, while still benefiting from Alphabet's overarching strategic vision and resources. This reorganization also introduced segment reporting to improve transparency, with Google's financials being reported separately from those of other Alphabet businesses. Alphabet Inc. trades on the Nasdaq stock exchange under the symbols GOOGL and GOOG, continuing Google's legacy while aiming to push the boundaries of technology and innovation further.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Alphabet Inc. reported revenues of $84.7 billion for the second quarter of 2024, marking a 14% increase year-over-year. This growth was primarily driven by strong performance in Google Search and significant momentum in Google Cloud, which for the first time exceeded $10 billion in quarterly revenues.

Operating Income

For the second quarter of 2024, Alphabet Inc. achieved an operating income of $27.4 billion, up from $21.8 billion in the same quarter of the previous year. The operating margin also improved, rising from 29% to 32%, reflecting efficient cost management and robust revenue growth.

Net Income and EPS

Alphabet Inc. reported a net income of $23.6 billion for Q2 2024, a significant increase from $18.4 billion in Q2 2023. The diluted earnings per share (EPS) also saw a rise, reaching $1.89 compared to $1.44 in the same period last year.

Dividend Announcement

Alphabet Inc. declared a cash dividend of $0.20 per share for its Class A, Class B, and Class C shares, to be paid on September 16, 2024. The total dividend payments for the second quarter amounted to $2.5 billion, reflecting the company's commitment to returning value to its shareholders.

Employee Count

As of June 30, 2024, Alphabet Inc. had a total of 179,582 employees, slightly down from 181,798 employees at the end of the same quarter in the previous year. This reduction is part of the company's ongoing efforts to optimize its workforce and improve operational efficiency.

Summarized from source with an LLMView Source

Key figures

15.2%1Y

10.6%3Y

154%5Y

Performance

27.9%1Y

32.3%3Y

31.9%5Y

Volatility