Η A, the mother company of Google, yesterday won the title of the most valuable company in the world. After the 4th quarter of 2015 the results exceeded all expectations as Alphabet's stock soared even higher than Apple's stock.
Alphabet has today the total market value of 558 billion dollars, while Apple's total value in second place reaches 535 billion dollars.
This is not the first time that Google has won the title of the most valuable company in the world. Apple previously held the title, passing Exxon in 2011. Before that, Apple was behind Google as the most valuable company technology of 2010.
Bloomberg reports that the company's results show that 2015's last quarter revenue rose by 19% to 17,3 billion dollars. This, of course, surpassed analysts' expectations as well as their average forecast of 16,9 billions of dollars.
Company earnings per share were 8,67 dollars, against the optimistic forecast for 8,08 dollars.
99% of Alphabet's revenue is reported to have come from Google's division. Most of the money comes from the company's advertising business, which generated a profit of about 19 billion dollars from the total 21300000000 $ earnings recorded in the 4 quarter of 2015.
In addition, the company also announced that it grew its employees base by raising its number to 61.814 employees from last year's 53 600.
Gmail also surpassed the milestone of one billion users.
Let's mention that a year ago, Apple had a total market value of 775 billion dollars. Since then, the company has been on the loose drop, while Google has been climbing since 2010.
