Revenue from Google properties rose to 27 billion from about $22 billion in the year-ago quarter. Last year Google chose its fourth-quarter earnings call to disclose a quarterly cloud revenue run rate above $1 billion, but it has declined to update that number since that disclosure. The company's operating margin, a closely watched measure of profitability, was 21 percent, down from 24 percent.
Asked whether Google had any plans to respond to efforts from big-game publishers to sidestep app store fees, Pichai signaled that the company had no plans to reduce the cut it takes from Google Play. The global market for advertising appears to be finite, and Google and Facebook already grab a large share of spending.
Revenue from Google's Other division, which includes cloud and hardware, rose 31 percent to $6.49 billion.
Concerns grow over how Google, and others, use our data and share it with advertisers.
Google's mostly free search, video and productivity tools are used by billions of people across the world, despite a backlash in some countries over how the company uses and protects customer information. Microsoft reported 76 percent growth for its Azure infrastructure-as-a-service business and 20 percent growth for its overall cloud business that also includes applications such as Dynamics 365 and Office 365. And these are very much bets - it lost $3.4 billion on Other Bets in the past year.
Greene and incoming Google Cloud CEO Thomas Kurian, a longtime Oracle Corp.
"Other bets", as Alphabet calls its more experimental businesses including Waymo, the self-driving vehicle startup, its fiber optic cable business and Verily, its health division, had revenues of $154m.
Despite Google's operating losses in the category for its side businesses such as Waymo and Verily, the company did manage to make gains in terms of total revenue flow - moving up to $154 million from $131 million the previous year. Operating losses were $1.33 billion.
Alphabet and Google, in particular, had a rollercoaster year in 2018 in terms of publicity.
Alphabet's unaudited assets at the end of December 31st, 2018 totalled $232.79 billion United States dollars (roughly $305.39 billion CAD), an increase from Q4 2017's $197.30 billion USD (roughly $258.83 billion CAD).
'Acquisitions are an attractive complement to what we do to drive organic growth. Without those changes, net income for Q4 of 2017 would have been $6.8 billion.