What Drove Alphabet’s Revenues in 1Q18?
Tech giant Alphabet (GOOG) reported better-than-expected revenues in the first quarter of 2018. Revenues of $31.1 billion were well above the consensus estimates as well as last year’s revenues. Wall Street analysts expected revenues to reach $30.3 billion for the quarter. Alphabet revenues were also 26% higher than the $24.8 billion revenues posted in 1Q17. Revenues, on a constant currency basis, increased 23% in 1Q18.