Despite Facebook’s (NASDAQ:FB) massive $360 billion+ market cap, the company has been growing its revenue at a strong pace. The revenue growth has reflected in the stock price as Facebook has been moving higher for the past two years. In the past nine out of ten quarters, Facebook managed to surpass earnings as well as revenue estimates, that too with a great margin. In Q2FY16, the company reported earnings per share of $0.97, $0.15 better than the estimates, whereas its revenue came in at $6.44 billion, $420 million greater than the estimates.
Facebook’s strong quarterly results clearly suggest that it has a robust business model. Currently, the company is putting in a lot of efforts to improve its Artificial Intelligence as this segment builds tools for image recognition, natural language processing, speech recognition, real-time transition as well as other AI-based jobs. Continue Reading »