We all know how large Google is, but the company recently reorganized itself to help ease that burden. Out of the restructuring came Alphabet, a parent company for Google and other companies that were previously under Google’s control. We’ve been waiting to see how the restructuring would affect the company and during yesterday’s earnings call, we found out. Alphabet has now become the world’s most valuable public company.
After posting a total value of $565 billion, Alphabet surpassed Apple as the world’s most valuable public company. In Q4 2015 alone, Alphabet brought in $21.3 billion in revenue, showing how strong the company is. Year-over-year, that’s an increase of 18%, though the increase would have been even greater had the US dollar not strengthened in 2015. Nonetheless, Google still posted a net income of $4.9 billion.
Cash and cash equivalents are also up at Google, at $73.07 billion. Last year’s Q4 2015 results from Google showed cash and equivalents of $64.4 billion, showing that Google has increased its on-hand cash by nearly $9 billion, giving it more money with which it can invest. In the past, Google hasn’t been shy about buying other companies, particularly start-ups that offer innovative ideas. And, of course, we can’t forget about Google’s previous acquisition of Motorola Mobility, which is the company’s largest acquisition to date. Looking to the future, we wouldn’t be surprised to see Alphabet using some of that cash to purchase other companies.
For more detailed info, check out Alphabet’s full Q4 2015 results at the source link below.