|Google's First Quarter 2013 Results: Revenues of $13.97 Billion|
Msg#: 4566283 posted 10:28 am on Apr 19, 2013 (gmt 0)
|“We had a very strong start to 2013, with $14.0 billion in revenue, up 31% year-on-year,” said Larry Page, CEO of Google. “We are working hard and investing in our products that aim to improve billions of people's lives all around the world.” Google's First Quarter 2013 Results: Revenues of $13.97 Billion [investor.google.com] |
|Google Inc. reported consolidated revenues of $13.97 billion for the quarter ended March 31, 2013, an increase of 31% compared to the first quarter of 2012. Google Inc. reports advertising revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the first quarter of 2013, TAC totaled $2.96 billion, or 25% of advertising revenues. |
Operating income, operating margin, net income, and earnings per share (EPS) are reported on a GAAP and non-GAAP basis. The non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, are described below and are reconciled to the corresponding GAAP measures at the end of this release.
Msg#: 4566283 posted 12:58 pm on Apr 19, 2013 (gmt 0)
Yea but $14 Billion isn't worth what it used to be.
Msg#: 4566283 posted 6:37 am on Apr 21, 2013 (gmt 0)
A 31% revenue increase is staggeringly impressive, especially given the current climate.
Msg#: 4566283 posted 3:48 am on Apr 22, 2013 (gmt 0)
|A 31% revenue increase is staggeringly impressive, especially given the current climate. |
If you didn't see that coming, you've been living on the dark side of the moon.
Google's the weatherman who can set up his own weather. I'm not surprised, they been raining on us for months while spreading sunshine on the ad network partners and well funded sites.
And what was the amount of first quarter taxes paid? I'm going to venture a guess.....0
(HA! I checked the article and I was right! liabilities: taxes payable - zilch!)
I paid more on my quarterlies than Google and they made $13,969,985,000 more than me.
Msg#: 4566283 posted 9:07 am on Apr 22, 2013 (gmt 0)
"Google boss defends UK tax record to BBC"
Msg#: 4566283 posted 11:55 am on Apr 22, 2013 (gmt 0)
|If you didn't see that coming, you've been living on the dark side of the moon. |
Seeing it coming or not is nothing to do with the fact that a 31% increase in revenue is totally impressive.
And as far as tax is concerned, I am no moral judge. But if I could get away with paying no tax, I would. I constantly strive to reduce my tax bill any which way I can legally - everyone here presumably is doing the same.
My websites are my business and I try to maximise income and minimise outgoings - same as any business. Mixing up personal emotions with business is a recipe for total disaster.
Msg#: 4566283 posted 12:34 pm on Apr 22, 2013 (gmt 0)
The problem is that here in the UK we have a government that makes it too easy for big business to do this while sucking the last drop of blood from the low earners.
|Mixing up personal emotions with business is a recipe for total disaster. |
Msg#: 4566283 posted 2:41 pm on Apr 22, 2013 (gmt 0)
Amazing how a company founded on Free Open Source Software has become such a ruthless capitalist company!
Msg#: 4566283 posted 5:19 pm on Apr 22, 2013 (gmt 0)
If you avoid tax it's no big deal. If a multi-national world leader like Google avoids tax then your country has less for: Roads, Schools, Police, Doctors...
|...if I could get away with paying no tax, I would... |
Msg#: 4566283 posted 6:00 pm on Apr 22, 2013 (gmt 0)
If ANYONE is able to reduce their taxes to zero, especially when making such an astronomical income, common sense tells me that something is going on that should be throwing up a red flag to the IRS. Kapow is absolutely correct.
@nomis - I'm not personally attacking you, and 31% is "staggeringly impressive" in this economic climate. You need an explanation? Google threw out the longtail for millions of M&P sites and has pushed those sites out of the organic serps in favor of their ad network partners. All in the name of their definition of "QUALITY". It's as simple as that. I watch the serps every day. I know what is happening. I'm also a GOOG shareholder and I'd be cheering this and "loving Google" if only their stock paid dividends. It doesn't.
Msg#: 4566283 posted 7:24 pm on Apr 22, 2013 (gmt 0)
I've been hit as well by G, all but one of my EMDs (almost my total backup plan) was wiped out of the G serps one day last year. I have sympathy for M&P sites that have been affected, but that hasn't distorted my view on reality.
The problem with non-payment of taxes is not G's fault, it's been caused by oh so clever, oh so over qualified government mandarins who thought they could tax the hell out of everyone, personal and businesses without anyone really noticing. Well, big business did notice and they took avoiding action. It's their responsibility to their shareholders to do so.
The answer lies in simplifying the tax system and not trying to extract blood out of a stone at the bottom of the economic pile whilst leaving the top players alone.
Msg#: 4566283 posted 8:41 pm on Apr 22, 2013 (gmt 0)
Let's not forget the monetization of all the Youtube Videos - that has got to be one of the main factors contributing to their impressive 31% growth. I think our growth for the same period was more like -60%.
Msg#: 4566283 posted 8:38 pm on Apr 26, 2013 (gmt 0)
a 31% bump is good, but its on the back of advertisers. With that said, I think it long overdue that another competitor stepped up to the plate and started taking market share, but unfortunately Google is deeply entrenched in all web devices that no other current company has a chance to catch them. It has become a true monopoly and no other company can chase them. I pay Google Millions of dollars a year in ad spend, sometimes I would like to see antitrust laws applied, but i am no legal expert...