According to Deadline, Street Fighter fans should keep an eye out for a new TV series currently in development from Entertainment One. The producers of the new show were previously involved with the web series Street Fighter: Assassin's Fist, and now…
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Listen, I'm sure some of you grew up watching the Transformers cartoon and played Street Fighter years later with a wish in your heart that these two worlds would meet. For those happy few, there are now mash-up toys that let Ryu, villain M. Bison, K…
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Google announced today another step in their efforts to crowd source the images and street views available on their platforms. This latest move from Google promises to reduce the “significant time and effort” it was taking for users to prepare and upload their interactive photography. Google is doing this by introducing a new certification for […]
Come comment on this article: Google blazes new path for Street View ready imagery with new cameras in 2017
Alphabet reported their 2016 first quarter financial results this past week. Although revenues were up compared to a year ago rising 17%, they did miss Wall Street expectations by the slimmest of margins coming in at $ 20.3 billion versus an expected $ 20.4 billion. Google Inc. still makes up the overwhelming portion of the Alphabet portfolio, but the company’s “moonshot” segments are getting capital support to keep them growing.
For Google Inc., the company breaks things down between the advertising business and all other businesses. If you want to understand why Google positions services and platforms to capitalize on advertising revenue streams, just realize that ad driven revenues accounted for 90% of the $ 20.1 billion in revenue for the quarter. That is a big reason why Google continues to invest in technologies like machine learning and natural language processing in order to ultimately deliver better ads. The remaining 10% is primarily sales through Google Play and other cloud services.
Google indicated advertising driven revenues increased thanks to growth in mobile search. Other Revenues also grew, by a healthy 24% year-over-year, thanks to growth in cloud enterprise businesses. A part of that positive result may be due to long-time rival Apple moving part of its data cloud from Amazon to Google.
Google’s other segments include all of the smaller businesses, sometimes referred to as “moonshots” that have been added to the portfolio. The biggest of these are Nest, Verily and Fiber which produce 99% of the revenue generated by these “Other Bets” companies. For the first quarter, these companies produced $ 166 million in revenue, a sizable 108% increased compared to a year earlier. However, that positive growth is offset by increases in spending, the majority of which was capital spending to build out Google Fiber infrastructure.
Alphabet and Google CFO Ruth Porat noted in a conference call that the pressure is on the various “moonshot” divisions to meet their milestones during 2016. She also indicated that the company is evaluating the portfolio of teams that may be working on similar projects or technologies to determine whether it is really appropriate to continue in an “anything goes” manner.
In response to just barely missing forecasts, the share price for Google stock fell by about 5%. Analysts think the stock was priced for “perfection” and when the company did not quite achieve that, the market responded negatively. However, other analysts noted that there is “nothing wrong with this company” and the swing was perhaps a bit more dramatic than it should have been.
Come comment on this article: Alphabet Q1 2016 revenue up but misses Wall Street target
The smartphone connected high street shopping experience is coming, but the tech has some way to go before it’s ready for prime time.