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Alphabet to announce Q3 results on October 28

The Motley Fool +1 ·

GOOG Alphabet Inc
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  1. 1Alphabet will announce its third-quarter results on October 28.
  2. 2Management expects half of the $514 billion in revenue backlog to be recognized over the next 24 months.
  3. 3Customers are exceeding promised amounts by more than 50%.

So what's the key point?

Alphabet is releasing its third-quarter results on October 28. Because customers are spending more than 50% above what was promised, future revenue is also expected.

Source The Motley Fool +1 · View original ↗

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