Google Q2 profit hit by EU fine but cash position unaffected

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(Telecompaper) All operations contributed to the strong results, with Google segment revenues, including Nest, rising to USD 32.512 billion from 25.913 billion the year before, including advertising revenues lifting to USD 28.087 billion from 22.672 billion. Segment revenue also includes non-advertising revenue, including cloud computing services, Pixel-branded smartphones and the Play store; these advanced to USD 4.425 billion from 3.241 billion. Revenues from “Other Bets” leaped to USD 145 million from 97 million; this stream includes Verily, Google Fiber and Waymo. 
Source: Industry News (syndicated from Telecompaper.com)

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