Sunday, January 23, 2011

Google founders Page, personnel changes, will succeed as CEO Schmidt

 Xinhua BEIJING, Jan. 21, according to , including Eric Schmidt (Eric Schmidt) decided to step down as chief executive news.

Google announced that from April 4, the company's co-founder Larry Page (Larry Page) will take over as the company's chief executive, Eric Schmidt, Schmidt will serve as chairman of the board level. Co-founder Sergey Brin (Sergey Brin) will focus on areas of strategic projects, especially in new product development.

In addition, Google announced its fourth-quarter profit of $ 2,540,000,000, $ 7.81 a share; a year earlier profit of 19.7 billion U.S. dollars, earnings per share of $ 6.13. Does not include equity-based compensation costs and other factors, the company earnings per share rose to $ 8.75 from $ 6.79.

quarter revenues increased 26% to $ 8,440,000,000. Web traffic acquisition costs and to pay the costs of marketing partners for 25% of total revenue. In addition to these costs, Google increased its fourth-quarter earnings about 29% to $ 6,370,000,000.

accept the Thomson Reuters (Thomson Reuters) survey of analysts had expected, Google fourth-quarter earnings per share were $ 8.09, revenue was 60.6 billion U.S. dollars. Quarter gross margin rose to 65.1% from 63.9%. (Panda)

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