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Google posts its first $100 billion year

Google has joined the $100 billion club.Alphabet, the parent company of Google, reported Thursday that it topp...

Posted: Feb 2, 2018 6:25 AM
Updated: Feb 2, 2018 6:25 AM

Google has joined the $100 billion club.

Alphabet, the parent company of Google, reported Thursday that it topped $100 billion in annual sales for the first time in Google's 20-year history.

The company posted $32.3 billion in sales for the fourth quarter, pushing its total annual revenue to $110 billion. That's up from about $90 billion in 2016.

However, the results were marred by a rare loss for the company. It took a $9.9 billion charge because of the tax bill signed into law last month. The charge is due to a one-time tax on foreign earnings. Other companies, including Microsoft, have taken similar charges.

Alphabet's stock fell as much as 5% in after hours trading following the earnings report.

Amazon first hit $100 billion in annual sales in 2015. Apple hit it in 2011 and now can pull in nearly that amount in a single quarter.

Related: Google plans to expand undersea cables

The milestone is a testament to the strength of Google's ad sales business, which continues to grow rapidly even as the company faces controversies over Russian-bought election ads and offensive videos on YouTube.

Google and Facebook gobbled up more than 60% of digital ad spending in the U.S. last year, according to research firm eMarketer, and that figure is only expected to keep growing.

While advertising continues to account for nearly all of Alphabet's sales, the company has found some traction this year in creating new moneymakers.

Alphabet posted nearly $15 billion in sales for the year from Google's "other revenues," which include cloud services and hardware products, like the Pixel phones and Google Home smart speakers.

Alphabet remains well behind Amazon's cloud business and Apple's hardware business.

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 36287

Reported Deaths: 1249
CountyConfirmedDeaths
Hinds299254
DeSoto195920
Madison148439
Jones122449
Harrison117716
Rankin112619
Neshoba104677
Forrest103843
Lauderdale96681
Scott82415
Jackson79819
Washington73713
Copiah67016
Leake63420
Lee62822
Oktibbeha61928
Grenada6049
Warren60021
Holmes59541
Lamar5837
Wayne56519
Yazoo5607
Lowndes54817
Leflore53456
Lincoln53335
Lafayette5064
Pike50520
Sunflower5048
Monroe46135
Panola4546
Covington4465
Simpson4433
Bolivar41218
Tate39213
Attala38624
Newton37610
Adams35820
Pontotoc3556
Marion34512
Claiborne30811
Pearl River30332
Winston30111
Chickasaw30019
Marshall2923
Jasper2816
Noxubee2799
Walthall2708
Clay26111
Union25412
Smith25212
Coahoma2306
Clarke22325
Lawrence2132
Yalobusha2089
Tallahatchie1954
Kemper18414
Carroll18211
Montgomery1793
Calhoun1705
Humphreys16910
Hancock14813
Itawamba1478
Tippah14611
Webster13411
Jefferson1283
Prentiss1274
Jefferson Davis1254
Tunica1253
George1233
Greene11610
Amite1123
Alcorn1072
Tishomingo1061
Quitman1011
Wilkinson989
Perry914
Stone772
Choctaw764
Franklin542
Sharkey480
Benton470
Issaquena101
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 49892

Reported Deaths: 1077
CountyConfirmedDeaths
Jefferson6746170
Mobile4904140
Montgomery4547112
Tuscaloosa269053
Madison22689
Marshall198011
Shelby169125
Lee159637
Morgan13385
Baldwin127711
Walker107532
Elmore106721
Etowah101114
Dallas10029
DeKalb9677
Franklin93816
Autauga69815
Russell6860
Unassigned67928
Chambers67730
Butler65229
Limestone6393
Tallapoosa63069
Cullman6156
Houston6077
Lauderdale5776
St. Clair5443
Calhoun5155
Colbert5096
Escambia4888
Lowndes48422
Pike4795
Jackson4352
Coffee4284
Covington41612
Talladega4017
Barbour3992
Dale3951
Bullock37810
Hale35423
Marengo35411
Chilton3312
Blount3201
Clarke3176
Wilcox3038
Winston2995
Sumter29213
Marion29014
Pickens2746
Randolph2639
Monroe2603
Perry2502
Conecuh2318
Bibb2241
Macon2199
Choctaw21712
Greene1989
Henry1553
Washington1488
Lawrence1360
Crenshaw1323
Cherokee1247
Geneva980
Lamar891
Clay852
Fayette851
Coosa661
Cleburne451
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