皇冠体育app

chinadaily.com.cn
left corner left corner
皇冠体育app Daily Website

Google quarterly results miss expectations

Updated: 2012-01-20 16:32
( Xinhua)

Google quarterly results miss expectations

A carpet with the Google logo is seen at the entrance of Google France's new headquarters before its official inauguration in Paris in this December 6, 2011 file photo. [Photo/Agencies]

SAN FRANCISCO - Google on Thursday released its 2011 fourth fiscal quarter earnings report, with results missing analysts' expectations although its quarterly revenue topping $10 billion for the first time in the company' s 13-year history.

The Mountain View, California-based company posted revenue of $10.58 billion for the quarter ending Dec 31, 2011, an increase of 25 percent on a year-on-year basis.

Google's net revenue, excluding traffic acquisition costs, came in at $8.13 billion dollars.

It had a profit of $2.71 billion, compared to 2.54 billion dollars in the same period the previous year. Earnings per share, excluding certain items, was $9.50

The average estimate from analysts polled by FactSet is $10.50 per share, excluding the company's expenses for its employees' stock compensation. Net revenue was expected to rise 31 percent to around $8.4 billion after subtracting ad commissions.

Google's shares fell about 10 percent in after-hours trading after the results were released.

"Google had a really strong quarter ending a great year. Full year revenue was up 29 percent and our quarterly revenue blew past the $10 billion mark for the first time," said Larry Page, chief executive officer of Google, in a statement.

"I am super excited about the growth of Android, Gmail, and Google+, which now has 90 million users globally -- well over double what I announced just three months ago. By building a meaningful relationship with our users through Google+ we will create amazing experiences across our services. I'm very excited about what we can do in 2012 -- there are tremendous opportunities to help users and grow our business," he said.

Google hired some 7,000 people last year, the most intense hiring spree since it started in a rented Silicon Valley garage in 1998. With advertising programs as its largest revenue source, Google has also become a major player in mobile software, e-mail, Web browsers and online video.

On Thursday, the Internet search giant was named the "best company to work for in America" by Fortune magazine.

...
Hot Topics
,,,,,,,
,,,,
...
...