Alphabet Announces Second Quarter 2020 Results [pdf]

abc.xyz

12 pointsmrep2 comments

Revenue only down 2% from q2 2019 which is not as bad as I thought it was going be as I would assume ad budgets would have gotten slashed hard. Google cloud is up from 2.1 billion to 3 which is a nice 42% growth rate year over year and despite gsuite being included in that, that growth is probably coming a lot from actual cloud.

Oh, and they just authorized another whopping 28 billion dollar stock buyback.

The less happy news is:

- Margins dropped from 24% to 17%. [page 1]

- Diluted EPS dropped from 14.21 to $10.13. [page 1]

- They now have 20,000 more employees to pay out of their reduced income. [page 2]

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