TMCnet Feature
October 13, 2011

Google's Third Quarter Earnings Go 'Gangbusters'

By Juliana Kenny, TMCnet Managing Editor

Or at least that was the term used by Google’s CEO, Larry Page (News - Alert), when he described the impression this last quarter had on him and the Google team. Who are we to argue? The company rolled in just short of $10 billion in quarterly revenue… “gangbusters,” if nothing else.

Google (News - Alert) revealed an increase in year-over-year revenue of 33 percent with a total of $9.72 billion for the quarter ending September 30. Industry observers had anticipated a report of $7.21 billion. Network revenue is up 18 percent, 55 percent of the company’s revenue comes from outside the U.S., and still Page stated that “we are still at the very early stages of what technology can deliver,” on the earnings call this afternoon.

Page noted the sheer margins of increased numbers of users while addressing the company’s investors. Over 40 million people now use Google+, over 200 million people now use Chrome, the company’s browser, and there are over 190 million deployed Android (News - Alert) devices. “Google+ is now open to everyone…people are flocking into Google+ at an incredible rate, and we are just getting started,” emphasized Page.

Developments in Japan, Australia, India, and Brazil are all looking positive for Google, while revenue from the U.K. was up 25 percent year-over-year.

While, at this point, no one expected Google’s quarterly reported earnings to slack whatsoever, there were some considerations that investors and industry observers mulled over before hearing the results of the earnings’ call this afternoon. One such consideration was the Motorola (News - Alert) question.

Google announced its acquisition of Motorola Mobility in August of this year for approximately $12. 5 billion, and analysts were unsure of how the acquisition was going to affect the company’s earnings. Clearly, whatever effect it had was a positive one.

Juliana Kenny graduated from the University of Connecticut with a double degree in English and French. After managing a small company for two years, she joined TMC (News - Alert) as a Web Editor for TMCnet. Juliana currently focuses on the call center and CRM industries, but she also writes about cloud telephony and network gear including softswitches.

Edited by Juliana Kenny

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