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ALPHABET - Q4 2017 sales of $32.32 billion and profit of $9.70 per share

MOUNTAIN VIEW, Calif. – April 27, 2017 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2017.

"Our excellent results represent a terrific start to 2017, with revenues up 22% versus the first quarter of 2016 and 24% on a constant currency basis. We clearly continue to benefit from our ongoing investments in product innovation and have great momentum in our new businesses across Alphabet," said Ruth Porat, CFO of Alphabet.

Q1 2017 financial highlights

The following summarizes our consolidated financial results for the quarters ended March 31, 2016 and 2017 (in millions, except for per share information, effective tax rate, and headcount; unaudited):

Three Months Ended
March 31, 2016 Three Months Ended
March 31, 2017
Revenues $20,257 $24,750
Increase in revenues year over year 17 % 22 %
Increase in constant currency revenues year over year 23 % 24 %
Operating income $5,342 $6,568
Operating margin 26 % 27 %
Net income $4,207 $5,426
Diluted EPS $6.02 $7.73
Diluted shares (in thousands) 699,311 702,036
Effective tax rate (ETR) 18 % 20 %
Headcount 64,115 73,992




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