Feeds

Google approaching world domination

Wall Street wants more

Choosing a cloud hosting partner with confidence

Google wants you to know it's well on its way to taking over the world.

This afternoon, during a quarterly earnings call with industry analysts and journalists, CEO Eric Schmidt focused on the company's "strong international growth" in 2007. "More than half of our search traffic is now outside the United States," he said. "This international market is central to our global role."

Normally, we'd make fun of a statement like this. But it pales next to Schmidt speak from earlier in the week.

In any event, Schmidt is very proud of the company's international growth, and he says there's still "tremendous potential" for further growth outside the US. In Q4, overseas revenue hit $2.32bn, which amounts to 48 per cent of the company's overall revenue. In Q4 2006, international dollars accounted for only 44 of overall revenue.

No, you needn't do the math by yourself. Total revenues for the quarter ending Dec. 31, 2007 were $4.83bn. That's a 51 per cent jump from Q4 2006. Meanwhile, Q4 profits were $1.2bn, a 17 per cent jump from the previous year.

Believe it or not, this is bad news for Google. For just the third time in the past 14 quarters, the company failed to meet the expectations of Wall Street analysts.

So, even though world domination is a distinct possibility, Google's stock price is on the way down. At least for the moment. ®

Intelligent flash storage arrays

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.