Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

Google tops revenue, misses earnings expectations in Q2

Juan Carlos Perez | July 16, 2010
CEO Eric Schmidt calls the quarter "strong"

However, when asked if YouTube is now a profitable operation, Google executives declined to answer. Google bought YouTube in October 2006 for $1.65 billion.

Pichette did say that Google is overjoyed at the dismissal in June of Viacom's $1 billion lawsuit against Google over what Viacom alleged was massive copyright infringement of its movies, TV shows and other content by YouTube.

Pichette said Google spent about $100 million to defend itself during that nasty legal battle, which raged for more than three years and may continue, since Viacom has pledged to appeal the decision by Judge Louis L. Stanton of the U.S. District Court for the Southern District of New York.

Google is also seeing strong growth both in search queries and advertising in mobile devices, he said. Google's Android mobile platform continues to do well, with about 160,000 Android-based phones activated every day, he said.

Another emerging business, enterprise software, is also performing well, he said. The main product in that division is the Google Apps hosted collaboration and communication suite.

As of June 30, Google had $30.1 billion in cash, cash equivalents and short-term marketable securities, up from $26.5 billion at the end of the first quarter.

Google's worldwide full-time staff increased to 21,805 employees as of June 30, up from 20,621 employees at the end of the first quarter.

The increase includes employees arriving through acquisitions, like the $750 million purchase of mobile ad provider AdMob, which closed in May, but also many new engineers and salespeople hired to work in emerging businesses where Google sees big growth opportunities, Pichette said.

 

Previous Page  1  2 

Sign up for Computerworld eNewsletters.