Alphabet Tops Revenue with EPS Light

April 29, 2020

Alphabet reported financial results for the quarter ended March 31, 2020. The firm had earnings of $9.87 per share on revenue of $41.16 billion. But, wall street was looking for earnings of $10.33 per share with revenue of $40.29 billion.

“Given the depth of the challenges so many are facing, it’s a huge privilege to be able to help at this time,” said
Sundar Pichai, Chief Executive Officer of Alphabet and Google. “People are relying on Google’s services more than ever and we’ve marshalled our resources and product development in this urgent moment.”

“Our business, led by Search, YouTube, and Cloud, drove Alphabet revenues to $41.2 billion, up 13% versus last
year, or 15% on a constant currency basis,” said Ruth Porat, Chief Financial Officer of Alphabet and Google.
“Performance was strong during the first two months of the quarter, but then in March we experienced a significant
slowdown in ad revenues. We are sharpening our focus on executing more efficiently, while continuing to invest in
our long-term opportunities.”

Q1 2020 financial highlights

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