Feeds

Google revenues top $9bn in Page's maiden quarter

Larry 'super excited' with Google Facebook

Reducing security risks from open source software

Google revenues topped $9 billion during Larry Page's inaugural quarter in charge, a first for the Mountain View ad broker.

Page took the opportunity to tell the world how excited he is about Google's latest attempt to mimic Facebook. "We had a great quarter, with revenue up 32 per cent year on year for a record breaking over $9 billion of revenue,” he said in a canned statement. “I'm super excited about the amazing response to Google+ which lets you share just like in real life.”

During a conference call with reporters and industry analysts, Page said much the same thing, and he claimed that the company "substantially increased our velocity and execution" thanks to the new "product-focused" management structure he introduced when he took over as CEO on April 4. "The new management team is working together fabulously," he said, "and has a achieved a lot in just these three months."

In the quarter ending June 30, Google's net income reached $2.51 billion, up from $1.84 billion during the same quarter last year. Google-owned sites produced revenues of $6.23 billion, a 39 per cent increase over the same quarter last year, while AdSense partner sites pulled in $2.48 billion, a 20 per cent leap.

Aggregate paid clicks across Google and AdSense partner sites climbed 18 per cent since the same quarter last year, but they were down 2 per cent since the first quarter of this year. The company's average cost per click climbed 12 per cent from last year and 2 per cent from the previous quarter.

According to Page, over 10 million people are now using Google+, which launched on June 29, and these users are sharing over one billion "items" each day. He also said that over 550,000 Android phones are being activated each day and that 160 million people are now using the company's Chrome browser. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.