Alphabet Inc., Google’s parent company, has announced the financial results for the first quarter of 2018. $31.1 billion in quarterly revenue was reported by the company, which was down sequentially but up year over year. This beats the Wall Street consensus estimates by about $870 million, and earnings also beat analyst expectations.
Year over year, revenue growth was 26 percent, which beats the 24 percent in Q1 2017. The chart below shows the breakdown in revenues: