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Google's parent company, Alphabet, controls costs and becomes more profitable. The operating margin rose to 24% in the second quarter from 22.5% at the beginning of the year. However, the profit has suffered under the European Commission's record antitrust sentence of more than four billion euros. Taking into account the penalty, the surplus went from $ 3.52 billion a year ago to $ 3.2 billion. Investors were nevertheless convinced that the stock had risen 3.6% after trading hours.
Despite the controversy over its Android operating system and several antitrust regulations, Google has again demonstrated its dominance in the online advertising market. The company has now increased its revenues by more than 20 percent each quarter for two years. "The hegemony of Google in the digital advertising market is not in doubt," greeted analyst Richard Kramer of Arte Research. Nevertheless, the outlook is still burdened by concerns about cost development.
More sales than expected
The search engine operator was able to increase sales and profits more than expected. The business turnover reached 32.66 billion dollars. Analysts had forecast $ 32.17 billion.
The EU 's competition watchdog had accused the Californian company of exploiting its software device dominance and fined 4.3 billion euros. The company has since made rules ineligible for use by Android smartphone manufacturers and mobile operators since 2011 and requires some Google Apps pre-installs.
Trump expresses criticism
Google has used Android Android to consolidate the dominance of its search engine, the European Commission said. Alphabet rejects the allegations and demands legal redress.
US President Donald Trump also strongly criticized Google's punishment and used it as further evidence that the EU is exploiting the United States. Already last year, a 2.4 billion euro sanction from the European Commission had weighed on Google 's results. A third case because of the Adsense advertising service is still pending. However, Google has financial reserves of 89 billion euros.
(reuters / mbü)
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