2019年第二季度Alphabet谷歌财报.pdfVIP

​ Alphabet​ ​Q2​ ​2019​ ​Earnings​ ​Call ​ ​ July​ ​25,​ ​2019 ​ ​ ​ Candice​ ​(Operator):​ ​​Good​ ​day​ ​ladies​ ​and​ ​gentlemen,​ ​and​ ​welcome​ ​to​ ​the​ ​Alphabet​ ​second ​ ​ quarter​ ​2019​ ​earnings​ ​call.​ ​At​ ​this​ ​time,​ ​all​ ​participants​ ​are​ ​in​ ​a​ ​listen-only​ ​mode.​ ​Later​ ​we​ ​will ​ ​ conduct​ ​a​ ​question​ ​and​ ​answer​ ​session​ ​and​ ​instructions​ ​will​ ​be​ ​given​ ​at​ ​that​ ​time.​ ​If​ ​anyone ​ ​ should​ ​require​ ​operator​ ​assistance,​ ​please​ ​press​ ​star​ ​and​ ​then​ ​zero​ ​on​ ​your​ ​touch-tone ​ ​ telephone.​ ​I’d​ ​now​ ​like​ ​to​ ​turn​ ​the​ ​conference​ ​over​ ​to​ ​Ellen​ ​West,​ ​Head​ ​of​ ​Investor​ ​Relations. ​ ​ Please​ ​go​ ​ahead. ​ ​ ​ Ellen​ ​West,​ ​VP​ ​Investor​ ​Relations:​ ​​Thank​ ​you.​ ​Good​ ​afternoon,​ ​everyone,​ ​and​ ​welcome​ ​to ​ ​ Alphabet’s​ ​second​ ​quarter​ ​2019​ ​earnings​ ​conference​ ​call.​ ​With​ ​us​ ​today​ ​are​ ​Sundar​ ​Pichai​ ​and ​ ​ Ruth​ ​Porat.​ ​Now​ ​I’ll​ ​quickly​ ​cover​ ​the​ ​Safe​ ​Harbor.​ ​Some​ ​of​ ​the​ ​statements​ ​that​ ​we​ ​make​ ​today ​ ​ regarding​ ​our​ ​business​ ​performance​ ​and​ ​operations,​ ​and​ ​our​ ​expected​ ​level​ ​of​ ​capital ​ ​ expenditures​ ​may​ ​be​ ​considered​ ​forward-looking,​ ​and​ ​such​ ​statements​ ​involve​ ​a​ ​number​ ​of ​ ​ risks​ ​and​ ​uncertainties​ ​that​ ​could​ ​cause​ ​actual​ ​results​ ​to​ ​differ​ ​materially.​ ​For​ ​more​ ​information, ​ ​ please​ ​refer​ ​to​ ​the​ ​risk​ ​factors​ ​discussed​ ​in​ ​our​ ​most​ ​recent​ ​Form​ ​10-K​ ​filed​ ​with​ ​the​ ​SEC. ​ ​ During​ ​this​ ​call,​ ​we​ ​will​ ​present​ ​both​ ​GAAP​ ​and​ ​non-GAAP​ ​financial​ ​measures.​ ​A​ ​reconciliation ​ ​ of​ ​non-GAAP​ ​to​ ​GAAP​ ​measures​ ​is​ ​included​ ​in​ ​today's​ ​earnings​ ​press​ ​release,​ ​which​ ​is ​ ​ distributed​ ​and​ ​available​ ​to​ ​the​ ​public​ ​through​ ​our​ ​Investor​ ​Relations​ ​website​ ​located​ ​at ​ ​ abc.xyz/investor.​ ​And​ ​now​ ​I’ll​ ​turn