All the sessions from Transform 2021 are available on-demand now. Watch now.
Google included a bombshell in its earnings report today (namely that co-founder Larry Page will replace current chief executive Eric Schmidt), but in addition to the big news the company also shared its earnings numbers as usual — and as usual, they exceeded analyst estimates.
The company said that during its fourth quarter of 2010, its net income increased $2.54 billion, or $7.81 per share, beating estimates of $8.06 per share and up from $1.97 billion in the fourth quarter of 2009. Total revenue was $8.44 billion, up 26 percent from the same period last year.
Other noteworthy numbers from the earnings report:
- Google-owned sites generated $5.67 billion, or 67 percent of total revenues
- Google partner sites in the AdSense program generated $2.50 billion, or 30 percent of total revenues
- International revenue was $4.38 billion, 52 percent of the total
- Paid clicks increased 18 percent over the fourth quarter of 2009
- Cost-per-click paid by advertisers on Google ads increased about 5 percent over the same period last year
- As of December 31, Google had $35 billion in cash
- As of December 31, Google had a workforce of 24,400 full-time employees, up from 23,331 at the end of the previous quarter.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more