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Google profit up 36%, at 550,000 Android activations per day

updated 04:50 pm EDT, Thu July 14, 2011

Google profit, shares surge through huge

Google triggered a share buying spree on Thursday afternoon as it reported results well past expectations for its spring quarter. The company's net profit surged 36 percent to hit $2.51 billion based on a record high $9.03 billion of pure revenue. Much of the rise came from not just paid clicks on ads, which shot up 18 percent, but a 12 percent boost to the average cost per click that made each hit more valuable.

The search giant didn't say how much of the revenue was pure search versus elements related to Android or other platforms. Its self-developed operating systems are usually licensed away for free, but it can often gauge how many ad hits came from Android users versus rivals like iOS or on the desktop.

About 2,500 new people came onboard the company in just the three months, nearly fifth (450) from the ITA takeover.

The spring was the first quarter in which co-founder Larry Page could steer the company after Eric Schmidt moved to an executive chairman role. Many had been watching to see if he would improve the business, which near the end of Schmidt's CEO tenure had been lagging. Page is known to have shaken up large parts of Google's structure and worked to streamline it without cutting jobs.

Mobile played one of the most important parts in the spring. Google said it was already at 550,000 activations per day, up from 500,000 per day. It also now has about 135 million devices in existence and over 250,000 active Android apps. The company was one of the first to have a real, commercial NFC mobile payment system in place with Google Wallet.

Some of its performance has been muted, though, as Android tablets struggled to take off despite many presumptions Google would automatically repeat its success in phones. Research firms have also noted that iPhones are regaining ground after many months of very rapid Android growth.

Investors saw Google getting slightly less than they had hoped for in profits but were nonetheless excited enough to send Google stock soaring over 10 percent in after-hours trading.



By Electronista Staff
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Comments

  1. Arne_Saknussemm

    Forum Regular

    Joined: Apr 2011

    +4

    550,000 a day...

    Drrrrrrrrrrrroid!

  1. viktorob

    Fresh-Faced Recruit

    Joined: May 2011

    -3

    Awesome!!!

    Wow, poor people's phone is getting to more and more poor people every day!!!
    Android is like Negroponte's One Laptop Per Child program...
    So good that Google decided to make phones for poor people too :) Thanks google and good luck!!

  1. gitcypher

    Fresh-Faced Recruit

    Joined: Jul 2007

    -1

    Keep believing that

    Phones for the poor going to developing countries? Suuuuure they are. You guys are great.

  1. TujuMaster

    Fresh-Faced Recruit

    Joined: Nov 2009

    -2

    I have doubts...

    If 550,000 Android phones are being activated per day, I'd like to know to whom. Based on elementary math, that's a little over 200 million a year. I have a feeling that this is a way to exaggerate the user base. I find it hard to believe that the installed base is this big.

  1. Jonathan-Tanya

    Fresh-Faced Recruit

    Joined: Oct 2004

    -4

    it's a big world tujumaster

    the overall cell phone market is 1 billion per year.

  1. wrenchy

    Forum Regular

    Joined: Nov 2009

    +11

    Dont't...


    feed the Troll J-T. He would probably believe those numbers if Steve Jobs stood on stage with his black turtle-neck, skinny blue jeans, white running shoes and said Apple activates 550,000 iPhones a day. These sheep will believe anything that iCharlatan says.


    Drroid!

    - Sent from my Android Device.

  1. Arne_Saknussemm

    Forum Regular

    Joined: Apr 2011

    +12

    Poor people's phone?


    Check out the latest high-en HTCs, Motorola Droids, Sonys, or Samsungs. The specs alone OBLITERATE ANY iPhone (Could this be why Apple fears Korean products so much?).

    Plus the handset is really yours, unlike iStuff that you have to jailbreak even to get some control of the device and remove the castrations imposed by Apple (ie: Application installation & Fisher Price Bluetooth...).

    Just the screen resolution of ANY of these devices (540 x 960 ) buries the pompously named "retina" display.Not to mention Super Amoled Plus displays on some...

    Poor people's phone?

    Well Droid does that too, and quite well indeed. With iPhone thrashing phones left and right at much better prices.

    So maybe in the end Droids are not just poor people's phones; But rather EVREYONE's.

    Which should make you very happy, as you will shortly be the only kid in the block with the Rich people's phone

    - or should I say Intellectually challenged people phone

  1. wrenchy

    Forum Regular

    Joined: Nov 2009

    -2

    Ok, really...


    Who would you rather trust?? Those 3 cool guys in the picture, or that miserable, up-tight looking con-artist Steve Jobs??


    Drroid!

    - Sent from my Android Device.

  1. aussiearn

    Fresh-Faced Recruit

    Joined: Jan 2011

    +3

    Trolls

    So many trolls here tonight...

  1. jahbadaboo

    Fresh-Faced Recruit

    Joined: Feb 2010

    -3

    If I remember right apple had 5.99 bil in profit f

    But who's counting right. This also tells me that google is relying more on making revenue on ther ad business, than their software. Because as the article points out it costs 12 more cents per click.

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