EU fine hits Alphabet profits www3.nhk.or.jp
Google's parent company, Alphabet, saw its net income fall in the April-June quarter, with an anti-trust fine imposed by the European Union hitting its bottom line.
Alphabet executives say revenue was about 26 billion dollars for the quarter. That's up about 20 percent from a year earlier with higher sales in advertising and cloud services.
But net income dropped almost 30 percent to about 3.5 billion dollars. That came as EU anti-trust authorities fined Google about 2.7 billion dollars last month.
Google CEO Sundar Pichai stressed his intention to continue investing in growing cloud services.
Published Date:2017-07-25