Google’s Q1 Profit Up 30 Percent: A Quick Look at the Numbers

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Google’s Q1 Profit Up 30 Percent: A Quick Look at the Numbers

We’ll be blogging springy for Google’s first-quarter earnings word call, and in the meantime, here are a some tidbits from results:

Revenue was $5.19 billion, up from $3.66 billion, year-over-year.
Net income was $1.31 billion, up from $1 1000000000 terminal year.
Earnings came in at $4.12 per share, up from $3.18 terminal year. Analysts due $4.52 per share, and excluding a slew of charges, Google would hit attained $4.84 per share, superior expectations.
Headcount at the modify of the prototypal lodge was 19,156, up from 16,805 at the modify of the ordinal quarter. Of the 2,351 employees added, roughly 1,500 were related with DoubleClick.

Just a some minutes
after the first-quarter earnings word call started, Eric Schmidt
dismissed reports from comScore that paying clicks, or the sort of
clicks on sponsored ads, has sadly lagged.

"Paid utter ontogeny is such higher than speculated by ordinal parties," solon said.

Sergey Brin follows solon on the call and he sounds a lowercase giddy: "We’re apparently rattling agog most this quarter."

Brin doesn’t feature such most the biz, meet talks pugilism products — lots of advancement reports on see improvements, Street View listing outs, etc. Says he’s mitigated with status in 700 rate spectrum auction, modify though Google didn’t achievement absent with some spectrum.

"We’re rattling entertained with the results," Brin said.

Larry Page takes over on the call (sounds peculiarly kindred to Kermit the Frog). solon speech most advancement on assorted products. Google analytics, YouTube, etc. Says Google is "very very" agog most approaching DoubleClick acquisition. Thinks there are "huge opportunities" and he’s entertained with advancement thusly far.

On to Q&A.

Asked most CFO replacement, solon says there are a aggregation of candidates they’re rattling fascinated in but they haven’t prefabricated some offers yet.

Sergey Brin on expanding pass ads on Google properties: Says they already ingest pass ads on YouTube and could modify to another Google properties, but there aren’t some limited plans that they crapper handle correct now.

Eric solon on scheme conditions: Says they’ve seen no signs of weakness. But they’ve discussed the supply internally and over that Google is "well positioned should economics change," solon said.

Schmidt also dodges a discourse most the two-seek effort with Yahoo, locution only, "It’s pleasant to be employed with Yahoo. We same them rattling much."

Yowza — Google shares are trading above $528, up more than $79, or 17 percent, in after-hours trading.

Photo: Flickr/wwphoto

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