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Revenue from the Web services giant's advertising business slipped to just under $14 billion ($13.97 billion), down from $14.4 billion in the previous quarter. - See more at: http://www.eweek.com/cloud/google-beats-street-on-profits-but-not-revenue/#sthash.J8MgFe70.dpuf
Google Inc. is an American multinational corporation specializing in Internet-related services and products. These include search, cloud computing, software, and online advertising technologies.[7] Most of its profits are derived from AdWords.[8][9]
Google was founded by Larry Page and Sergey Brin while they were Ph.D. students atStanford University. Together they own about 16 percent of its shares. They incorporated Google as a privately held company on September 4, 1998. An initial public offeringfollowed on August 19, 2004. Its mission statement from the outset was "to organize the world's information and make it universally accessible and useful",[10] and its unofficial slogan was "Don't be evil".[11][12] In 2006 Google moved to headquarters in Mountain View, California, nicknamed the Googleplex.
Rapid growth since incorporation has triggered a chain of products, acquisitions and partnerships beyond Google's core search engine. It offers online productivity softwareincluding email (Gmail), an office suite (Google Drive), and social networking (Google+).Desktop products include applications for web browsing, organizing and editing photos, and instant messaging. The company leads the development of the Android mobileoperating system and the browser-only Chrome OS[13] for a netbook known as aChromebook. Google has moved increasingly into communications hardware: it partners with major electronics manufacturers in production of its high-end Nexus devices and acquired Motorola Mobility in May 2012.[14] In 2012, a fiber-optic infrastructure was installed in Kansas City to facilitate a Google Fiber broadband service.[15]
The corporation has been estimated to run more than one million servers in data centers around the world[16] and to process over one billion search requests[17] and about 24petabytes of user-generated data each day.[18][19][20][21] In December 2012 Alexa listed google.com as the most visited website in the world. Numerous Google sites in other languages figure in the top one hundred, as do several other Google-owned sites such asYouTube and Blogger.[22] Its market dominance has led to criticism over issues includingcopyright, censorship, and privacy.[23][24]
Google on April 18 turned in a healthy first-quarter 2013 quarterly earnings report by exceeding Wall Street market projections in profits, although it missed the top-line revenue goal analysts thought it would attain. Revenue from the Web services giant's advertising business slipped to just under $14 billion ($13.97 billion), down from $14.4 billion in the previous quarter. A consensus from Thomson Reuters analysts had expected Google to report revenue of $14.1 billion, or $10.66 per share. Google, despite all the Web services and other businesses that include software licensing, YouTube, Google enterprise tools, Google+ social networking, Enterprise Search and several others, saw its general Web search business account for 92 percent of the company's sales in Q1. However, Google's profit expanded more than anybody expected—31 percent year over year—with the company reporting $3.9 billion net income, or $11.58 per share. - See more at: http://www.eweek.com/cloud/google-beats-street-on-profits-but-not-revenue/#sthash.J8MgFe70.dpuf
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