Google's been investing heavily in its future over the past quarter, both in the form of main acquisitions and new product launches.
Today, the company is out with its recent earnings report, with the results indicating that the economy may indeed be recovering, and the company's CEO Eric Schmidt painting a bullish picture on Google's future prospects.
Here are some of the highlights:
- Google's income for the quarter jumped 17% year-over-year to $6.67 billion.
- Google grew its cash position to $24.5 billion - up from the $22 billion it reported previous quarter.
- Google's headcount increased slightly during the quarter to nearly 20,000 employees in worldwide. That's significant given the company was forced to create the first cutbacks in its history during the worst of the economic downturn.
As for the 2010, Eric Schmidt offered the following statement: "We remain hugely optimistic about the Internet and are continuing to invest heavily in technological innovation for the benefit not only of our users and customers, but also the wider web." With $24 billion in cash, expect those investments to include more acquisitions, as well as further spending on huge projects including handsets, the Chrome OS and even potentially tablet computers.
Wall Street doesn't seem to be sharing Schmidt's optimism, however, in the instant aftermath of the numbers - shares of Google are trading down about $30/share after hours, or about 5%.
Labels: Google, google features, google updates, New feature in google
