Google parent Alphabet posts $110 bn in revenues for FY 2017

Google's parent company Alphabet has posted revenues of $110.9 billion, an increase of 23% year on year for fiscal year 2017. However, the company posted a loss of $3.02 billion in fourth quarter due to a $9.9 billion one-time tax-related charge. It also reported a 24% year on year increase in revenues to $32.3 billion for the same quarter.