October 16, 2010 1 Comment
That’s what I call the business. It has been only a few years that Google got into the mobile space and already making $1B revenue from it. The company recently reported $2.17 billion in profits on $7.29 billion in revenues during the last quarter. Revenues were up 23% from a year ago when it brought in $5.94 billion and profits were up 32% from $1.64 billion in the year-ago period.
During Q3 earnings call a few days ago, Google did something it has never done before: It broke down the numbers from some of its key businesses. I am guessing the company revealed these numbers, not just for kicks; they wanted to make it clear that search isn’t the only revenue-generating arm of the Google empire. Google needs these divisions to grow in order to expand its online empire. Read more of this post