Alphabet posts $26B revenue in Q2 of FY 2017: 4 things to know

Mountain View, Calif.-based Alphabet, the parent company of Google, released its financial results for the second quarter of fiscal year 2017, which ended June 30.

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Here are four things to know about the technology-focused holding company’s financial results.

1. Alphabet posted $26.01 billion in revenue, up 21 percent from the same period in 2016.

2. The company’s net income was $3.52 billion, compared to $4.88 billion one year prior.

3. Alphabet reported a 16 percent operating margin, a decrease from 28 percent one year prior.

4. The company’s diluted earnings per share decreased from $7.00 in the second quarter of 2016 to $5.01.

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