News

Uncategorised

As widely predicted Google has become the world’s most valuable listed company after announcing that its global revenues rose 13% to $75bn (£52bn) last year, and the group’s tax rate fell to just 17%.

The group took a record $1.9bn of revenues from its UK customers for the last three months of 2015, up 16% on 2014 – and all routed through its controversial tax structure in Ireland. But for the impact of the pound weakening against the dollar, UK revenues would have been up 20%.

Adding to the £3.7bn in British sales completed earlier in the year, Goolge’s fourth-quarter revenues from the UK, took 2015 turnover from British advertisers to £5bn.

In after-hours trading, the share price for Alphabet, Google’s parent company, immediately jumped 9%, implying a total stock market value for Alphabet of $568bn. That meant it eclipsed rival Californian tech firm Apple, which has a value of $535bn, making Alphabet the most valuable company in the world.

You may also like...

Keep Up To Date - Subscribe To Our Email Newsletter Today

Get the latest industry news direct to your inbox on all your devices.

We may use your information to send you details about goods and services which we feel may be of interest to you. We will process your data in accordance with our Privacy Policy as displayed on our parent website https://ebm.media