Alphabet Announces Quarterly Earnings As Sundar Pichai Joins Board Of Directors

Alphabet has announced its Q2 earnings report with a revenue of $26 Billion non-GAAP, which is a staggering 21% growth year-on-year growth. Furthermore, Google's CEO Sundar Pichai has joined Alphabet's board of Directors. His appointment was effective 19th July 2017.

The earnings report also takes into account the hefty $2.7 Billion fine slapped by the European Union but still shows the massive 21% growth. Going by the numbers, in Q2 2016 the revenue stood at $21 million whereas, in Q2 2017, it stands at $26 million.

"With revenues of $26 billion, up 21% versus the second quarter of 2016 and 23% on a constant currency basis, we're delivering strong growth with great underlying momentum, while continuing to make focused investments in new revenue streams," said Ruth Porat, Chief Financial Officer, Alphabet.

Meanwhile, Larry Page announced the appointment of Sundar into Alphabet's board which currently includes Sergey Brin, Eric Schmidt, Kleiner Perkins' John Doerr and Diane Greene.

"Sundar has been doing a great job as Google’s CEO, driving strong growth, partnerships, and tremendous product innovation. I really enjoy working with him and I’m excited that he is joining the Alphabet board."

 You can take a look at Alphabet's Earning Report here.