Despite Facebook’s (NASDAQ:FB) massive $360 billion-plus 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 10 quarters, Facebook managed to surpass earnings as well as revenue estimates by a great margin. In the second quarter of fiscal 2016, the company reported earnings per share of 97 cents, 15 cents 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 effort to improve its artificial intelligence segment. This segment builds tools for image recognition, natural language processing, speech recognition and real-time transition, as well as other AI-based jobs. Continue Reading »