Ads surge secures Google earnings

CEO 'ecstatic'


Google has delivered Wall Street a pleasant Q1 surprise, blowing past expected results while reconciling its move into new partnerships and offline markets.

Chief executive Eric Schmidt declared himself "ecstatic" with the quarter's results, as Google reported a 69 per cent increase in income to $1bn on revenue that jumped 62.5 per cent to $3.6bn.

Earnings per diluted share (EPS) hit $3.18, up from $1.95. The internet's favorite search engine would have landed $3.68, beating the anticipated $3.30, had it not been for expenses related to employee stock compensation.

Google's own websites outgrew its AdSense business while Google had to share a growing percentage of its AdSense revenue with partners. Sixty two per cent of revenue, $2.28bn, came from Google.com - a 76 per cent increase. Partner sites accounted for 37 per cent of revenue, or $1.35bn, an increase of 45 per cent.

Traffic Acquisition Costs (TAC) were flat at 31 per cent, or $1.13bn, between the fourth and third quarter.

Announcing the quarter's results, Schmidt talked up Google's move into offline advertising, in print and radio with Clear Channel. He also mentioned Google is developing technology called Cleaner Content that would let internet publishers remove content from sites like YouTube and Google Video in compliance with the Digital Millennium Copyright Act (DMCA). Google is embroiled in a $1bn copyright action with Viacom over hosting of content on YouTube.®

Similar topics


Other stories you might like

  • Want to buy your own piece of the Pi? No 'urgency' says Upton of the listing rumours

    A British success story... what happens next?

    Industry talk is continuing to circulate regarding a possible listing for the UK makers of the diminutive Raspberry Pi computer.

    Over the weekend, UK newspaper The Telegraph reported that a spring listing could be in the offing, with a valuation of more than £370m slapped onto the computer maker.

    Pi boss, Eben Upton, described the article as "interesting" in an email to The Register today, before repeating that "we're always looking at ways to fund the future growth of the business, but the $45m we raised in September has taken some of the urgency out of that."

    Continue reading
  • JetBrains embraces remote development with new IDE for multiple programming languages

    Security, collaboration, flexible working: Fleet does it all, says project lead

    JetBrains has introduced remote development for its range of IDEs as well as previewing a new IDE called Fleet, which will form the basis for fresh tools covering all major programming languages.

    JetBrains has a core IDE used for the IntelliJ IDEA Java tool as well other IDEs such as Android Studio, the official programming environment for Google Android, PyCharm for Python, Rider for C#, and so on. The IDEs run on the Java virtual machine (JVM) and are coded using Java and Kotlin, the latter being primarily a JVM language but with options for compiling to JavaScript or native code.

    Fleet is "both an IDE and a lightweight code editor," said the company in its product announcement, suggesting perhaps that it is feeling some pressure from the success of Microsoft's Visual Studio Code, which is an extensible code editor. Initial language support is for Java, Kotlin, Go, Python, Rust, and JavaScript, though other languages such as C# will follow. Again like VS Code, Fleet can run on a local machine or on a remote server. The new IDE uses technology developed for IntelliJ such as its code-processing engine for features such as code completion and refactoring.

    Continue reading
  • Nextcloud and cloud chums fire off competition complaint to the EU over Microsoft bundling OneDrive with Windows

    No, it isn't the limited levels of storage that have irked European businesses

    EU software and cloud businesses have joined Nextcloud in filing a complaint with the European Commission regarding Microsoft's alleged anti-competitive behaviour over the bundling of its OS with online services.

    The issue is OneDrive and Microsoft's habit of packaging it (and other services such as Teams) with Windows software.

    Nextcloud sells on-premises collaboration platforms that it claims combine "the convenience and ease of use of consumer-grade solutions like Dropbox and Google Drive with the security, privacy and control business needs." Microsoft's cloud storage system, OneDrive, is conspicuous by its absence.

    Continue reading

Biting the hand that feeds IT © 1998–2021