Google chief Larry Page made an appearance on the search giant's earnings call to talk up its mobile gains as well as hardware like the Nexus 7 tablet and the newly announced Samsung Chromebook.
Page was absent from last quarter's call due to an illness that resulted in the long-term loss of his voice. The CEO only just re-emerged publicly this week at Google's Zeitgeist conference, and he was still a bit hoarse on the call.
Google had a bit of a rocky day; trading of its shares was suspended after the company's earnings were accidentally released early. "I'm sorry for the scramble earlier today," Page said this afternoon. "The printers sent out the release just a bit early."
Google reported revenue of $14.1 billion (£8.7 billion), up 45 per cent from the same time period last year and up from $12.21 billion (£7.6 billion) during the last quarter. GAAP net income, however, landed at $2.18 billion (£1.3 billion), down from the $2.73 billion (£1.7 billion) it took in last year and $2.79 billion (£1.73 billion) last quarter.
Page focused on the fact that the 14-year-old Google had its "first $14 billion revenue quarter; not bad for a teenager."
"Today we live in a world of abundance," Page continued, arguing that we all feel naked without our smartphones. Page said he is constantly switching between his Nexus smartphone, Nexus 7 tablet, and the new Chromebook.
"You should all run out and buy the Nexus 7 tablet for $199," Page instructed those on the conference call.
This technology is disruptive and "Google is super well-placed to take advantage of these disruptions," he said.
"Why? Because our search query volumes have grown this quarter as measured year over year," he continued. "And we are seeing tremendous innovation in advertising which, I believe, will help us monetize mobile queries more effectively than desktop today. Indeed our mobile monetization per query is already a significant fraction compared to desktop."
Google's "big bet" on Android has paid off, he said. "Most people thought we were nuts" when Google announced plans for the mobile OS back in 2005. Now, there are more than half a billion Android devices in the world, and 1.3 million more activated each day.
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