Please enable JavaScript to experience the full functionality of GMX.

Google's Alphabet announces impressive ad sales

Google's parent company, Alphabet, has announced stronger ad sales than expected.

The reporting of the firm's impressive sales resulted in its shares climbing by as much as five percent in after-hours trading.

The company announced it had earned an eye-watering $32.7 billion in revenue in the three months to the end of June, which represents a 26 percent rise from the same period in 2017.

News of the impressive sales figures came shortly after Google was handed a €4.34 billion fine in relation to its Android operating system.

The world-famous tech company was slapped with the enormous fine by the European Commission, which accused Google of using its operating system to illegally "cement its dominant position" in search.

Google's chief executive Sundar Pichai subsequently hit out at the decision by the European Commission.

Sundar explained: "Rapid innovation, wide choice, and falling prices are classic hallmarks of robust competition and Android has enabled all of them.

"Today's decision rejects the business model that supports Android, which has created more choice for everyone, not less."

The Commission first started investigating the issue back in 2015 following a complaint lodged by Fairsearch, which originally included the likes of Microsoft and Nokia among its members.

Sponsored Content