Jul 13
The search giant posted adjusted earnings per share of $8.54 on revenue of $6.92 billion, beating analyst estimates of $7.86 a share on sales of $6.5 billion. 
The report, which marked Larry Page’s first full quarter as CEO, was boosted by Google’s international sales, which surged 38% from year-ago levels and 10 points above first-quarter growth, lifting overall revenue well above analysts’ targets. New ventures like Android into mobile, Google Offers into local advertising and Google+ into social networking are also growing at eye-popping rates, according to the company. Crucially for investors, the strong performance not only showed revived growth in Google’s core Internet search business, it provided the clearest signs yet that the company’s costly video and mobile expansion plans are finally showing some payback. > > Bull or Bear? Vote in Our Poll Shares of Google, which also ramped up its efforts to challenge Netflix(NFLX) this week, closed up $68.68, or 12.98%, at $597.62 on Friday. Beleaguered networking giant Cisco(Cisco) was in the spotlight again this week, as the switch maker hosted Cisco Live!, its annual customer event, in Las Vegas. With rumors of layoffs continuing to swirl around the company, CEO John Chambers sought to assure customers Tuesday that Cisco’s ongoing overhaul will deliver results. “Where will we be, two to three years from now?” he asked during his keynote speech. “We will be a company that will lead the future of networking.” Chambers, however, avoided any discussion of layoffs during his presentation, focusing instead on the company’s metamorphosis. The San Jose, Calif.-based firm told TheStreet that it will provide additional information on its cost reduction plans, including layoffs, during its fourth-quarter conference call on Aug. 11. Shares of Cisco, which refreshed its flagship Catalyst 6500 switch this week, closed up 16 cents, or 1.04%, at $15.59 on Friday.
The report, which marked Larry Page’s first full quarter as CEO, was boosted by Google’s international sales, which surged 38% from year-ago levels and 10 points above first-quarter growth, lifting overall revenue well above analysts’ targets. New ventures like Android into mobile, Google Offers into local advertising and Google+ into social networking are also growing at eye-popping rates, according to the company. Crucially for investors, the strong performance not only showed revived growth in Google’s core Internet search business, it provided the clearest signs yet that the company’s costly video and mobile expansion plans are finally showing some payback. > > Bull or Bear? Vote in Our Poll Shares of Google, which also ramped up its efforts to challenge Netflix(NFLX) this week, closed up $68.68, or 12.98%, at $597.62 on Friday. Beleaguered networking giant Cisco(Cisco) was in the spotlight again this week, as the switch maker hosted Cisco Live!, its annual customer event, in Las Vegas. With rumors of layoffs continuing to swirl around the company, CEO John Chambers sought to assure customers Tuesday that Cisco’s ongoing overhaul will deliver results. “Where will we be, two to three years from now?” he asked during his keynote speech. “We will be a company that will lead the future of networking.” Chambers, however, avoided any discussion of layoffs during his presentation, focusing instead on the company’s metamorphosis. The San Jose, Calif.-based firm told TheStreet that it will provide additional information on its cost reduction plans, including layoffs, during its fourth-quarter conference call on Aug. 11. Shares of Cisco, which refreshed its flagship Catalyst 6500 switch this week, closed up 16 cents, or 1.04%, at $15.59 on Friday.Similar Posts:
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