Google Survives Q1 Financial Report

Kinda sorta with flying colors (considering the circumstances)

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Analysts and investors were ready for just about anything this afternoon, with predictions of what Google’s first quarter would look like ranging from complete failure to yet another blow-‘em-out-of-the-water success.  The real numbers landed somewhere in between, but – to most people’s relief – rather more on positive side. 

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Google reported $4.07 billion in revenue ex-TAC.  Although it was widely expected that Google’s first-ever quarterly decline would occur, this kept the decrease to just three percent.  On a year-over-year basis, meanwhile, a six percent increase occurred.

Then, in terms of earnings per share, the search giant also did all right.  Popular estimates were in the $4.90 to $4.95 range, and Google posted $5.16, better even than last quarter’s $5.10.  Paid clicks were up three percent in the same period, too.

As for some other stuff, Google trimmed its number of fulltime employees by 58 between December and March.  And on a larger scale, it decreased operating expenses by $130 million.

Finally, there’s one personnel change worth noting.  Omid Kordestani, who held the title "Senior Vice President, Global Sales & Business Development" will now be "Senior Advisor, Office of the CEO and Founders."  Nikesh Arora, who’s worked for Google in Europe for over four years, will more or less take his place with the title "President, Global Sales Operations and Business Development."

All in all, this group of developments has put Google’s stock up 1.47 percent in after-hours trading.

Google Survives Q1 Financial Report
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  • http://freewordsearchpuzzlegames.blogspot.com/ Word search Puzzle

    Well that’s encouraging! I am glad somebody is making money!

  • http://www.palmspringsdreamhomeraffle.com/early_drawing.php AMillionBucks

    With the strong performance by Google, even now, it occurs to me that they might not do as well in the absence (or diminished presence) of a good competitor like Yahoo! With MSN throwing in the towel on search – are we seeing the beginnings of too much of a good thing?

    Too much Google – even though they are great – means fewer choices.

  • http://www.gocompareremovals.co.uk/ Removal Companies

    Not a suprise, wonder how much of that is AdWords revenue?

    I am also concerned about their potential monopolisation of the market, but who can control a global behemoth?

  • http://howto-approachagirl.com Geoff

    With the shift to online sales it is no wonder Google is making a killing and will do so for a long future

  • http://www.brain-waves-technology.com Guest

    Google claim to pay back advertisers for fraudulent clicks while booting the alleged publishers I think they just boot the publishers and not pay back the advertisers.

    And milk two cows with one tit that

  • http://www.eztrip.com/ Hotels

    wow, I wonder what the poor people are doing today! Let’s hope that this license to make money donates to good causes.

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