Yesterday Google had its quarterly earnings call, announcing the company's financial results for the quarter ending March 31, 2010. According to the press release, Google's revenues for Q1 2010 were $6.77 billion, which was a 23% increase over the same quarter in 2009. Patrick Pichette, Google CFO said, "Google performed very well in the first quarter, with 23% year over year revenue growth driven by strength across all major verticals and geographies. Going forward, we remain committed to heavy investment in innovation - both to spur future growth in our core and emerging businesses as well as to help build the future of the open web.”
Aside from specific financial achievements, a few notable successes on the Android front were also mentioned. First, apps in the Android Market are continuously on the rise. In March, Google made 30,000 the official number of apps in the market. At yesterday's call, Google tacked on an additionally 8,000 apps for a total of 38,000 apps in the market; not bad for a month's time.
In addition to the success with Android apps, Google also reported that the Nexus One has reached profitability. This came as a surprise due to earlier reports (from sources other than Google) suggesting that the N1 was off to a slow start and had not reached the level of success analysts had originally forecast. But Google is maintaining that they are pleased with the level of success that the N1 has had, stating that they are “happy with device uptake and [the] impact it has had raising the bar showing what a smartphone can do.”
For the full press release, go here. Man, if only I had purchased Google stock a few years ago. Any thoughts or insights? Feel free to leave them below!