Larry Page, speaking at Google’s quarterly earning results was happy to announce that there were now more than 190mn Android devices in the world and that Google was able to generate a comfortable $2.5bn from ads on these devices, 7% of Google’s yearly revenue of $35.7bn.
He said: “We’re also seeing a huge positive revenue impact from mobile, we just grown 2.5 times in the last 12 months, to a run rate of over $2.5bn. Generally, I found that high-usage products will make a lot of money over time for well-managed technology companies, and that’s why it’s so important to run these businesses for the long-term.”
Here are some numbers indicating Google’s profitable Q3:
- $9.72 billion total revenue – 33% growth year over year
- $6.74 billion revenue – 39% growth year over year – from Google Sites
- $2.60 billion revenue – 18% growth year over year – from Google Network
- $3.28 billion operating expenses
- $2.73 billion net income
- $42.6 billion in total cash, cash equivalents and short-term marketable securities at the end of September
- 31,353 full-time employees as of September 30, 2011 – up from 28,768 full-time employees as of June 30, 2011
Larry Page was also very enthusiastic of Google’s due to be released OS Ice Cream Sandwich (Android 4.0) and said:“You won’t believe what we have managed to do in this release,” he said, and we’re certainly interested to see exactly what he meant by that. Luckily ICS will be unveiled on October the 19th during a special media event. They also unveiled the new ICS droid on the Mountain View campus.
With respect to the advertising, Nikesh Arora Google’s chief business officer, said: “Our revenue growth continues to accelerate even in mobile, driven primarily by mobile search. This growth obviously is driven both by the underlying expansion of Android devices and of tablets, as well as stellar performance of our sales teams who are working closely with our customers to help them craft compelling mobile advertising solutions.”
He added: “Many advertisers have greatly increased the size and frequency of their mobile campaigns. Mobile is becoming a must-have. This includes clients like InterContinental Hotels Group, which spans pretty much across our entire portfolio of properties including Mobile search, Mobile GDN and AdMob.”