Google passes Apple as world’s most valuable company

Google-Logo-1

Feb 02, 2016 (LBO) – Google’s parent company, Alphabet has reported fourth quarter earnings driving up the company’s shares by over 8 percent, foreign media reported.

Alphabet shares jumped after the strong earnings report, making Google worth roughly 544 billion US dollars though Apple’s market capitalization stood at 534 billion US dollars.

That has made Alphabet, the world’s most valuable technology company and most valuable company overall.
Apple secured the title of most valuable tech company since 2010, when it passed Microsoft at a valuation around 220 billion US dollars.

For the three months ended 2015, Alphabet posted total revenue of 21.32 billion US dollars.

“Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we’ve been investing for many years,” said Ruth Porat, CFO of Alphabet.

“We’re excited about the opportunities we have across Google and Other Bets to use technology to improve the lives of billions of people.”

Alphabet’s Q4 2015 financial highlights:

The following summarizes consolidated financial results for the quarters ended December 31, 2014 and 2015 (in millions, except for per share information; unaudited):

 

Three Months Ended
December 31, 2014
Three Months Ended
December 31, 2015
Revenues $18,103 $21,329
Increase in revenues year over year 15 % 18 %
Increase in constant currency revenues year over year 18 % 24 %
GAAP operating income $4,399 $5,380
GAAP operating margin 24 % 25 %
Non-GAAP operating income $5,600 $6,816
Non-GAAP operating margin 31 % 32 %
GAAP net income* $4,675 $4,923
Non-GAAP net income $4,654 $6,043
GAAP diluted EPS for Class A and B common stock and Class C capital stock* $6.79 $7.06
Non-GAAP diluted EPS for Class A and B common stock and Class C capital stock $6.76 $8.67
Diluted shares (in thousands) 688,491 697,025