Google reporting numbers – 17% increase in profit!

Google was due to deliver earnings for the first quarter today. Expectations were high, but Larry Page announced, in my opinion, outstanding results.

Expected revenue was $6.3 billion, Google delivered $6.5 billion. Earnings per share turned out at $8.08 vs expected $8.11. Operating expenses rose from $1.84 billion to $2.84 billion. Google shares fell 5% right after the report.

In my opinion as a Main Street Analyst, this is an outstanding result with a rosy outlook. Google hired over 2,000 employees during the first quarter which, in my opinion, takes care of the sharp increase in operating expenses. Google does not hire just to fill offices, I trust there is substantial business potential behind this move. This, combined with paid-click growth and increased advertising prices allows a positive outlook on the company.

Please see my stock picks as well and, as always, please read the disclaimer!

Vitus Feldmann

Ex-Professional Soccer Player, International Banker, International Business and Soccer Analyst. Global Marketing & Social Media Leader. Communicator and Connector! I help businesses and individuals to do better marketing and social media marketing. My focus is revenue creation because that is what keeps the business going. I am in business for over 30 years and I have learned to question the status quo. The ability and willingness to do so has given me an edge in my job. Marketing, especially social media marketing is fast paced. Today, nothing is like yesterday and tomorrow is different from today. Your business suffers, if you don't adjust. I am also an avid photographer and my favorite "model" is New York City.

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