Google Revenue Surge Sets Record
Google has reported another superb quarter exceeding Wall Street predictions. Google CEO Larry Page reported the companies total revenue at $9.72 Billion, a new record. Page credits the more than 550,000 Android devices that are activated daily with more than 135 million Android devices on the market as well as the growth in Chrome browser and Google+ users.
Financial analysts polled by Thomson Reuters expected non-GAAP earnings-per-share of $8.74 and net revenue of $7.21 billion for Google's Q3. Google did far better: The company reported $9.72 non-GAAP earnings-per-share and net revenue of $7.51 billion. The company's total revenue, before traffic acquisition costs, came to $9.72 billion, a new quarterly record.
Larry Page defended Google's hunger for talent. "Great companies are no greater than the efforts and ingenuity of their people," he said, observing that it's necessary to keep employees happy. Conceding that the company might be a bit ahead of its hiring needs, he indicated that Google would continue hiring as necessary. "We will optimize headcount for the long term and the opportunities we see," he said.
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