Google profits surge on growing ad revenue

  • Comelec proclaims early party-list winners

    Comelec proclaims early party-list winners

    Yahoo! Southeast Asia Newsroom
    Comelec proclaims early party-list winners

    Fourteen early winners in the party-list race have been named Friday even as the protracted count of votes continues.

  • Meet PH's poorest congressman

    Meet PH's poorest congressman

    Yahoo! Southeast Asia Newsroom
    Meet PH's poorest congressman

    Anakpawis party-list Rep. Rafael Mariano remained the poorest congressman in the 15th Congress, a document from the House of Representatives showed.

  • Carlos Celdran to Filipinos: Keep calm and ignore Dan Brown

    Carlos Celdran to Filipinos: Keep calm and ignore Dan Brown

    Yahoo! Southeast Asia Newsroom
    Carlos Celdran to Filipinos: Keep calm and ignore Dan Brown

    Amid brewing uproar over Dan Brown's "gates of hell" reference to Manila, cultural activist Carlos Celdran sees the author's desrciption is only an exaggeration that should nonetheless encourage Filipinos to get their act together.

  • Albay governor’s ‘bangka’ good to go

    Tinig Ng Botante

    By REYNARD MAGTOTO, VERA Files LEGAZPI City—After assuring Bicolanos that no one will be left behind in Albay’s surge to prosperity, reelected Gov. Joey SarteSalceda said he is ready to “paddle the boat” to fulfilling his vision for the province. … Continue reading →

  • Comelec proclaims 14 party-lists

    Tinig Ng Botante

    By Mikha Flores, VERA Files The Commission on Elections proclaimed on Friday 14 winning party-lists that are assured of at least one seat in the 16th Congress after obtaining two percent of the total votes cast for all party-lists in the … Continue reading →

Google 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, on Thursday.

"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.

Loading...

Editor’s note:Yahoo! Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

Odd Stories

  • Prosecutor in Berlusconi sex trial receives mail with bullets

    Prosecutor in Berlusconi sex trial receives mail with bullets

    Reuters - 23 hours ago
    Prosecutor in Berlusconi sex trial receives mail with bullets

    MILAN (Reuters) - The prosecutor in former prime minister Silvio Berlusconi's sex trial has received a series of anonymous letters of threats, including one with two bullets, Milan's chief prosecutor said on Thursday. The letters against Ilda Boccassini have become more frequent since she requested a six-year jail sentence and a lifetime ban on holding public office for Berlusconi, Edmondo Bruti Liberati said. ...

  • College student snares record long Burmese python near Miami

    College student snares record long Burmese python near Miami

    Reuters - Wed, May 22, 2013
    College student snares record long Burmese python near Miami

    By Barbara Liston ORLANDO, Florida (Reuters) - An 18-foot, 8-inch Burmese python set a record for the longest snake ever captured in South Florida, where the exotic species has taken up residence. College student Jason Leon snared the female python in a rural area southeast of Miami earlier this month, when he saw part of it sticking out from brush along the roadside, said Carli Segelson, a spokeswoman for the state's Fish and Wildlife Commission. ...

  • A gnome grows in Chelsea - at the flower show, that is

    A gnome grows in Chelsea - at the flower show, that is

    Reuters - Tue, May 21, 2013
    A gnome grows in Chelsea - at the flower show, that is

    By Paul Casciato LONDON (Reuters) - Some spectators at London's Chelsea Flower Show wouldn't be caught dead with one in the trunk of their Bentley, but garden gnomes have turned up at the show's 100th edition this year, for charity. The Royal Horticultural Society (RHS), which runs Chelsea in the grounds of the Christopher Wren-built Royal Hospital Chelsea, has lifted a ban on the ceramic figures with floppy hats and beards in order to raise funds for an RHS charity that supports the use of

  • Marijuana waste helps turn pot-eating pigs into tasty pork roast

    Marijuana waste helps turn pot-eating pigs into tasty pork roast

    Reuters - Tue, May 21, 2013
    Marijuana waste helps turn pot-eating pigs into tasty pork roast

    By Jonathan Kaminsky OLYMPIA, Washington (Reuters) - With Washington state about to embark on a first-of-its-kind legal market for recreational marijuana, the budding ranks of new cannabis growers face a quandary over what to do with the excess stems, roots and leaves from their plants. Susannah Gross, who owns a five-acre farm north of Seattle, is part of a group experimenting with a solution that seems to make the most of marijuana's appetite-enhancing properties - turning weed waste into pig

  • Jon Stewart's humor a hit with millions of envious Chinese

    Jon Stewart's humor a hit with millions of envious Chinese

    Reuters - Mon, May 20, 2013
    Jon Stewart's humor a hit with millions of envious Chinese

    By Jane Lee SHANGHAI (Reuters) - Humor may not always translate well, but Jon Stewart is picking up millions of fans in China, where his gloves-off political satire is refreshing for many in a country where such criticism is a rarity - especially when directed at their own leaders. A recent segment on North Korea scored over 4 million views on microblogger Sina Weibo, and even stodgy state broadcaster CCTV has used Stewart's "The Daily Show" in a report, though they wouldn't let a Chinese

  • The joy of chamber music according to Albert Tiu VERA Files - The Inbox

    By Pablo A. Tariman, VERA Files Chamber music enthusiasts will have another special treat when Singapore-based Filipino pianist Albert Tiu teams up with Belgian clarinetist  Marcel Luxen Saturday, June 1 at the Ayala Museum courtesy of the MCO Foundation. A … Continue reading →

  • Time matters little to world’s fastest jigsaw puzzle maker VERA Files - The Inbox

    By Maria Feona Imperial, VERA Files Perhaps for breaking a world record, she has already found the answer to every jigsaw puzzle ever made. But Georgina Gil-Lacuna has one more left unresolved: the puzzle of time. And she likes it … Continue reading →

  • Chinese, Taiwanese nationals with computer gadgets held VERA Files - The Inbox

    By LEILANIE ADRIANO, VERA Files LAOAG CITY, Ilocos Norte– At least 40 Chinese and 12 Taiwanese nationals who were found with several electronic and computer gadgets and accessories in a resort in Vigan were rounded up and detained for questioning, … Continue reading →

  • Ramos urges neutral probe of Taiwan incident, reminds Pinoys of Contemplacion case VERA Files - The Inbox

    By Ellen Tordesillas, VERA Files MAKASSAR, Indonesia—Former President Fidel V. Ramos has recommended the creation of a neutral investigation on the May 9 encounter between a Philippine patrol ship and Taiwanese fishing vessel in the disputed maritime boundary that resulted … Continue reading →

  • FVR leads call for reduction of budget for lethal weapons VERA Files - The Inbox

    By Ellen Tordesillas, VERA Files MAKASSAR, Indonesia—Former President Fidel V. Ramos Monday called on rich countries to reduce their budget for deadly weapons and realign resources for public safety, including navigation in the disputed waters in the South China Sea. … Continue reading →

POLL
Loading...
Poll Choice Options