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Google records over $9 bn revenue

business Updated: Jul 19, 2011 16:07 IST
Agencies
Google

Google's quarterly revenue was reported at over $9 billion in the first quarter since Larry Page took over as the CEO. There is 32 % increase from last year's earnings.

Speaking about recently launched social networking site Google+, Page said the response to it has been overwhelming and over 10 million people have joined the social networking site since its launch.

"There's also a ton of activity. We are seeing over 1 billion items shared and received in a single day", he said.

"Our +1 button is already all over the web. It's being served 2.3 billion times a day", he said. "Google+ is also a great example of another focus of mine--beautiful products that are simple and intuitive to use and was actually was one of the first products to contain our new visual redesign", he added.

Claiming that Google has vast experience in monetizing successful products over time, Page said, emerging high usage products can generate huge new businesses for the company in the long run, just like search.

He devided Google products into three separate categories.

First, search and ads products, the core driver of revenue for the company. Next, products that enjoy high consumer success--YouTube, Android and Chrome. Then we have our new products--Google+ and Commerce and Local.

Overall, Page said, the organisation is focused on long-term profit and growth with creating services that people across the world use twice a day … just like a toothbrush!