Larry Page: We’re Just Getting Started
The company’s earnings report — announced late on Thursday — included a 33 percent year over year revenue increase to $7.51 billion and an earnings per share of $9.72, driven in part by a “paid click” rise of 28 percent.
Analysts had forecast $7.22 billion in revenues and $8.74 per share.
Google’s (NASDAQ:GOOG) CEO Larry Page said it was a “great quarter.” During that time, the company’s social networking feature Google+ surpassed 40 million users. Page was pleased by the numbers and said, “People are flocking into Google+ at an incredible rate and we are just getting started!”
The company also reported in an analyst conference call that over 190 million devices with Google’s (NASDAQ:GOOG) Android operating system software had been activated worldwide.
However, some analysts are still concerned Baidu(NASDAQ:BIDU), often referred to as the Chinese Google, is looking to expand its internet empire by teaming up with Microsoft (NASDAQ:MSFT). But at least when it comes to search, Google continues to dominate the internet — leaving Yahoo!(NASDAQ:YHOO) and AOL (NYSE:AOL) scratching their heads.
Google’s stock (NASDAQ:GOOG) rose 5.85% to $591.68 on the news. Shares are down 0.39% year to date. The stock has traded in a 52-week range between $473.02 and $642.96.
Don’t Miss: Sprint’s Bet on the iPhone is Paying Off.