TORONTO, May 2, 2017 /PRNewswire/ -- A recent report published by Excon Fuji Securities highlighted the 'digital marketing sector' like Google and Facebook dominate the market shadowing all of its competition by owning more than three-quarters across the industry.
Alphabet's first quarter earnings, which come from various advertising streams such as "search adverts", "displayed ads" and the most popular "YouTube advert videos" helped bolster its revenue at a whopping $24.70 billion, a 22 percent increase from its position last year.
"Alphabet's revenue has exploded as published in our most recent research report, Net profit was $5.42 billion, a 29 percent increase from its first quarter of 2016," said James Lawrence, Senior Vice President at Excon Fuji Securities.
Alphabet Inc is a holding company, and the business has a long list of companies including Google Inc (Google) and its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
The breakdown of how it acquired its revenue in 2017 are as follows, in the U.S. revenue increased over 20 percent from its previous year standing at over $11 billion. Its sales Asia-Pacific region was just shy of 30 percent to $3.5 billion; elsewhere around the world totaled to over $12 billion.
"Analysts across the board are all expecting for the company to hit $1,000 a share within the next 12 month time frame on the back of these new record-breaking revenue streams," said Daniel Sharp, Head of Corporate Trading at Excon Fuji Securities.
About Excon Fuji Securities
Excon Fuji Securities is a long-established private international investment brokerage. Providing private retail and corporate clients a broad range of financial markets and instruments. With over $7 billion (USD) under management and growing, our vision is to become a renowned industry leader in investment services throughout North America, Europe, Asia-Pacific and Australasia.
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