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New business into a growth engine for the Internet giant results reproduce the high growth

Recently, the United States several major Internet companies 1xbet website released second-quarter earnings, higher performance expectations, which has led the United States rise in technology stocks in the stock market. Why the big tech companies are still able to achieve rapid growth? Ahead of them in the area of innovation the layout cannot be ignored. This topic tries to interpret. Although advertising is Google’s primary revenue, but new business has begun to materialize.

Google Alphabet 2016 was released second-quarter earnings of the parent company. Reported revenue of $ 21.5 billion in the second quarter of the year, grew 21% 17.727 billion dollars in the same period a year earlier, growth rate excluding effect of exchange rate changes at 25%. In accordance with United States generally accepted accounting principles, Alphabet to 4.877 billion dollars in net profit in the second quarter, compared with $ 3.931 billion in the same period last year grew by 24%. Alphabet Chief Financial Officer Ruth Porat said the good performance was mainly due to the company for the mobile and video success of expansion investments. Meanwhile, the e-commerce giant Amazon announced on July 28 second-quarter earnings, thanks to strong growth in traditional e-commerce businesses and cloud services, the company’s revenue of $ 30.4 billion, compared with $ 23.2 billion in the same period last year to grow 31%; net profit of us $ 857 million, compared with $ 92 million in the same period last year increased significantly 832%. This was Amazon’s fifth consecutive quarter of profitability, it is completely out of the “there is no profit” dilemma.
Similarly, Facebook also released second-quarter results this week, its revenue was $ 6.4 billion, compared with $ 4 billion in the same period last year, growth of 59%. In addition, net income totaled $ 2.05 billion, last year that figure was only $ 719 million, an increase of up to 185%. 1xbet analysts, good results from three Wall Street companies and promoting industry of mobile Internet business, as well as emerging hi-tech businesses such as VR, artificial intelligence, intelligent home, drone and other aspects of importance. Also accelerates the traditional Internet companies to develop science and technology enterprises in transition.