Google mother on the right track despite record punishments

In Google's parent company, Alphabet, business continues to perform well thanks to the surge in advertising revenue, but the record fine imposed by the European Commission weighs on quarterly profit. In the three months to end of June, the surplus fell 9% year-over-year to $ 3.2 billion (2.7 billion euros), as the Internet giant on Monday after the closure of the US market.

Sales climbed Quarter to $ 32.7 billion. The expectations of the market were largely exceeded by the penalty despite the high special costs. At first the stock rose more than five percent after the end of the day and was still strong in the recent past. Even before the closing of the negotiations, the price reached a new historical record.

With a market value of nearly $ 840 billion, Alphabet is poised to break billions of dollars, with Apple, the world's most valuable listed company, taking it to the 100 billion dollars. Even the giant of online sales Amazon has a market capitalization slightly higher than 874 billion dollars.

"We had another very good quarter," said Ruth Porat, chief financial officer. Google's advertising business, which accounts for the bulk of revenue, grew 24% to about $ 28 billion.

The girl's remaining income increased by more than 36% to $ 4.4 billion. Other Alphabet businesses, such as Robot developer Waymo, have seen strong growth but contributed little to $ 145 million in revenue. But their loss went from 633 million to 732 million dollars

Excluding the fine of 5 billion euros (4.34 billion euros) that was recently inflicted on the Group for abuse to power in the Android smart phone market. The quarterly profit would be $ 8.3 billion.

Although Alphabet wants to question the sanctions of the European Commission, it has nevertheless already recorded the charge on the balance sheet. Compared to the previous year 's result, the decline in earnings remains relatively moderate, as the quarterly result also suffered a multi – billion dollar fine from the EU.

Margrethe Vestager, European Commissioner for Competition, Vestager demanded that he be changed within 90 days and threatened new fines, which could also go into the billions. Google rejects the allegations and seeks to defend itself by appeal.