. Earth Science News .




.
TRADE WARS
Google profits surge on growing ad revenue
by Staff Writers
San Francisco (AFP) July 19, 2012



Google on Thursday reported a surge in quarterly profit to $2.79 billion on the back of rising online advertising revenue, beating Wall Street expectations.

The California-based online search titan's profit rose 11 percent in the quarter ended June 30 as consolidated revenue climbed 35 percent to $12.21 billion compared with the same fiscal quarter last year.

"Google standalone had a strong quarter with 21 percent year-on-year revenue growth, and we launched a bunch of exciting new products... in particular the Nexus 7 tablet, which has received rave reviews," said chief executive Larry Page.

"This quarter is also special because Motorola is now part of the Google family, and we're excited about the potential to build great devices for users."

Google's stock price rose to $610.45 in after-hours trade that followed release of the earnings figures.

The company has stated publicly that it intends to allow newly acquired Motorola Mobility to keep its autonomy as it battles in the hotly contested smartphone market.

Google in May completed the $12.9 billion deal for Motorola Mobility, a key manufacturer of smartphones and other devices that put the Internet giant in head-to-head competition with Apple.

Google acquires 17,000 patents with the purchase of Motorola Mobility and has been strengthening its patent portfolio in the fight for dominance in the smartphone and tablet market.

Motorola Mobility was created in 2011 when US-based Motorola Inc. split the company into two separate entities: a mobile devices unit, and a government and public safety division known as Motorola Solutions.

"We are totally excited about this opportunity we have at Motorola," Google chief financial officer Patrick Pichette said during an earnings conference call.

"There is palpable excitement," he continued. "Clearly, people should expect some changes at Motorola."

Page did not take part in the conference call as is the usual routine, with executives saying that the Google boss and co-founder was still recovering from a throat problem that left him temporarily unable to speak.

"Larry has lost his voice," said Google chief business officer Nikesh Arora. "That means he cannot do any speaking engagements, including this earnings call, but he continues to run the company."

Google's dominant share of the US online search advertising market will grow to 77.9 percent this year from slightly less than three-quarters last year, according to industry tracker eMarketer.

In comparison, the piece of the market held by Microsoft search engine Bing was expected to remain unchanged at seven percent.

Google will rake in one of every 10 dollars spent on advertising this year in the United States as the overall market reaches $169.5 billion, according to eMarketer.

Google is also dominating the US mobile advertising market, seen as a key source of revenue for Internet firms as modern lifestyles revolve increasingly around smartphones and tablet computers.

Spending on US mobile ads is projected to leap 80 percent this year to $2.61 billion with Google's share at nearly 52 percent, according to eMarketer.

"Mobile is very important," Arora said. "It is evident in our commitment to Android as well as our purchase of Motorola."

On a separate note, executives announced that the Google+ social network has grown to 250 million users and that it continues to be integrated through the company's online venues as a "backbone" for features based on friends.

Related Links
Global Trade News




.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TRADE WARS
Record tourists to France in 2011, Chinese numbers surge
Paris (AFP) July 18, 2012
A record number of foreign tourists visited France last year, with 81.4 million people travelling to the country and a surge in visitors from China, official figures showed Wednesday. The figure beat the previous record of 77.6 million visitors in 2010 and was a 4.8 percent annual increase despite concerns over the global economy, France's DGCIS international competitiveness agency said in i ... read more


TRADE WARS
A 'Phoenix' rises from Haiti quake ashes

Japan govt, media colluded on nuclear: Nobel winner

Japan pushes ASEAN to lift export restrictions

Report faults Fukushima response

TRADE WARS
Researchers Almost Double Light Efficiency in LC Projectors

New Notre Dame research raises questions about iris recognition systems

To Extinguish a Hot Flame, DARPA Studied Cold Plasma

Sailing with nerves of glass

TRADE WARS
Call for sanctions in mackerel war 'propaganda': Reykjavik

Global warming harms lakes

Chinese sub to dive in South China Sea: media

Extreme 2011 weather laid to twin La Ninas

TRADE WARS
5.5-mile-long landslide spotted in Alaska

Antarctica faces major threats in the 21st century, says Texas A and M researcher

Arctic warming linked to combination of reduced sea ice and global atmospheric warming

Argentina court upholds glacier protections against mining

TRADE WARS
Pioneering self-contained 'smart village' offers world model for rural poverty relief

A shortcut to sustainable fisheries

Tiger kills plantation worker in Indonesia

Sake, soy sauce, and the taming of the microbes

TRADE WARS
Heavy rain fears as typhoon menaces Japan

Japan warily eyes typhoon

Flood-battered Japan warily eyes typhoon

Hurricane Fabio, in Pacific, 'likely' to weaken

TRADE WARS
Sudan rebels claim Darfur helicopter shoot-down

Afro-Japanese fusion music puzzles traditionalists

Hundreds flee Nigerian villages ahead of army raid: official

Annual Namibia seal cull to start amid protests

TRADE WARS
Endangered languages get a Google protection plan

New Au. sediba fossils discovered in rock

The Clovis First Theory is put to rest at Paisley Caves

Native American populations descend from three key migrations


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement