Equity reports

Get to know your offshore companies: ALPHABET INC. (NASDAQ: GOOGL)

Alphabet Inc recently released its fourth-quarter and fiscal year results for the period ending 31 December 2019. The figures, when compared to expectations, were mixed, which lead to Alphabet’s share price decreasing by approximately 4% in the after-hours following the release of these results.

Revenue increased by 18% year on year to $162 billion (20% on a constant currency basis). Google Search & other revenue was the most significant contributor to revenue for FY2019, amounting to $98 billion, which is approximately 60% of total revenue earned.

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