Larry Page's first as Google (GOOG) CEO. We're on hand live.
Revenues of $8.58 billion a 27% increase over first quarter 2010 revenues of $6.77 billion. Paid Clicks Up 18%; Cost Per Click Up 8%:
4:35PM: Larry Page dropped in to say everything is going as planned, specifically the Executive switchover. Also thanks Jonathan Rosenberg who is usually on these calls but announced his resignation last week..
4:40: CFO Patrick Pichette seems very excited about the numbers below. Some interesting numbers:
4:45 Local and Commerce SVP Jeff Huber: New Hires across all lines. Up 1,900 during the quarter. total 26,316 employees
Boasts: Android and Chrome Fastest growing in important categories. YouTube huge.
Google just published its Q1 earnings numbers which beat the Street's while earnings fell slightly lower that estimates.
4:50 SVP of Ads Susan Wojcicki: Display Network up 5x since DoubleClick acquisition, doubles in Brazil, UK, and Japan. AdMob has over 150M Android and iOS devices making requests every month.
From the press release:
"We had a great quarter with 27% year-over-year revenue growth," said Patrick Pichette, CFO of Google. "These results demonstrate the value of search and search ads to our users and customers, as well as the extraordinary potential of areas like display and mobile. It's clear that our past investments have been crucial to our success today--which is why we continue to invest for the long term."
Analysts are publishing their forecasts for Google's Q1 2011 earnings.
Thursday's earnings call will be the first under new CEO Larry Page and analysts are expecting to get some guidance on the direction of the company. Overall the outlook is positive with expectations of Google (GOOG) beating guidance and the Street.
Interestingly, there isn't much talk about the ITA purchase, which has now gotten Federal approval.
Here we go...Seth Weintraub - Apr 12, 2011 2:16 PM ET
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New Google CEO Larry Page just upped the ante as far as workflow goes. Last Friday, he sent out a company memo explaining to all employees that 25% of their annual bonuses will be tied to the success of Google's social strategy this year, regardless of whether they're MOREJP Mangalindan, Writer - Apr 8, 2011 5:00 AM ET
With a new CEO and a departing Products VP, there is some room for interest.
Google (GOOG) announced today that their First Quater 2011 Financial Results conference call will take place on Thursday, April 14, 2011 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
This will be the first earnings call under Larry Page who has a reputation for the unorthodox. Also, Google earnings calls are usually hosted by Product VP Jonathan MORESeth Weintraub - Apr 5, 2011 10:30 AM ET
Today's the day that co-founder and inventor of the PageRank algorithm takes back the reigns of Google, replacing Eric Schmidt who reigned over a successful decade of expansion.
In a surprise announcement at January's earnings call, Google (GOOG) announced that CEO Eric Schmidt would be stepping down and Larry Page would be replacing him.
Today's the day.
Although, Eric Schmidt's role as "Adult Supervisor" has been joked about, the stability he brought to the MORESeth Weintraub - Apr 4, 2011 11:53 AM ET
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