Google joins $100 billion club

On Thursday, Alphabet who is the parent company of google made its announcement of reaching $100 billon in sales for the first time its its 20 years of being in business.

In the fourth quarter of 2017 Google posted $32.3 billion in sales, making the companies total annual revenue $110 billon. They also took a $9.9 billion charge because of the Republican tax bill that was signed into law last month. The charge is due to a one-time tax on foreign earnings.

The company also made the announcement that John Hennessy, who is a longtime member of the board, will be taking over as Alphabet’s chairman. Hennessy replaces the former Google CEO, Eric Schmidt, who announced his plans to step down as chairman back in December of last year.

Other notable companies in the $100 billon club:

  • Apple
  • Amazon

Featured photo property of Berning Media Network

Published by

Patrick Vinson

Founder of Berning Media Network

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