Google has just issued its financial figures for the third quarter. They show growth and progress which is a good sign for Google’s future.
Google’s third quarter results more than met the expectations that the staff and administration had at the Mountain View premises of the company. The revenue amounted to $14.89 billion which is an increase over the previous quarterly figures. As for the net income it was $2.97 billion.
Then the non-GAAP earnings stood at $10.74 per share. The overall results were very different from the last quarter. The reason for this is that expectations were not met the previous time. Google seems to have made a lot of cash in the process of working through its everyday commitments. The company surpassed itself in everything it did. This is the CEO Larry Page’s philosophy to a T.
Google CEO, Larry Page, said, “Google had another strong quarter with $14.9 billion in revenue and great product progress. We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device.”
The only area where things looked down was in the Motorola department. But even there the CEO kept his head held high and spoke of progressive designs. As for YouTube, its incoming revenues are due to phones and tablets. Larry Page is also looking to the R&D sector for more developments in the times that are to come. The budget for this sector has increased by a whopping $1 billion.
Furthermore, there is Google’s ad business which is all set to expand. And the cost-per-click platform has only benefited it beyond the wildest expectations. Google has definitely hit the nail on the head as far as having its priorities right are concerned. And its third quarter results are living proof of this.