Acquired the advertising business of Google Inc. a large part of the proceeds from that, as the value of revenue of $ 26.6 million.
During the first quarter of 2018, i.e. from January to March, the company was able to have, a parent company Google, to achieve revenues of $ 31.1 million, which represented an increase of 26 percent compared to the same period last year, and on expectations of analysts, as shares rose by 1.7 percent.
According to the data revenue has risen by 26 percent from $ 24.7 million in the first quarter of 2017 to $ 31.1 million million, with net income totalling $ 9.4 million for the quarter, which represented a rise compared with the net income for the quarter was the same as last year of $ 5.4 million.
For comparison, the company reported that achieved revenues of $ 23.3 million with a loss of $ 3 billion in net income in the last quarter because the draft Tax Code in the United States.
During this quarter there were noticeable changes in how the reporting of its earnings, the company returned the Nest to the umbrella of Google once again and is no longer considered a separate subsidiary company, and financial terms, will be included the results of the work of the Nest now within “other income” from Google, which includes the rest of the devices and Google Play and the efforts of the foundation.
In this quarter, achieved revenue other than Google, about $ 4.3 million, compared with achieved $ 3.2 million in the same quarter last year, which means that the company Nest to achieve a profit of $ 726 million in 2017.
At the same time, use the other bet, which has undergone a major transformation in terms of lost funds, increase proceeds slowly, so that managed to achieve revenue of $ 150 million resulting from Verily and Fiber, with an operating loss of up to $ 571 million compared to operating loss of $ 748 million in the previous quarter.
With regard to the distribution of the proceeds, he has acquired the advertising business of Google Inc. a large part of the proceeds from that, as the value of revenue of $ 26.6 million, and $ 4.3 million of other income, which represented a rise compared with the previous figures on an annual basis of $ 21.1 million and $ 3.2 million, respectively.
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