Trending February 2024 # Google Earnings : Quarterly Profit Up 92% # Suggested March 2024 # Top 5 Popular

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Google quarterly profit almost doubled in Q3, with an increase of 92% while gross revenue rose 70% to $2.69 billion.

Here’s an overview of where that revenue came from:

Google Sites Revenues – Google-owned sites generated revenues of $1.63 billion, or 60% of total revenues, in the third quarter of 2006. This represents an 84% increase over third quarter 2005 revenues of $885 million and a 14% increase over second quarter 2006 revenues of $1.43 billion.

Google Network Revenues – Google’s partner sites generated revenues, through AdSense programs, of $1.04 billion, or 39% of total revenues, in the third quarter of 2006. This is a 54% increase over network revenues of $675 million generated in the third quarter of 2005 and a 4% increase over second quarter 2006 revenues of $997 million.

International Revenues – Revenues from outside of the United States contributed 44% of total revenues in the third quarter of 2006, compared to 42% in the second quarter of 2006 and 39% in the third quarter of 2005. Had foreign exchange rates remained constant from the second quarter through the third quarter of 2006, our revenues in the third quarter of 2006 would have been $19 million lower. Had foreign exchange rates remained constant from the third quarter of 2005 through the third quarter of 2006, our revenues in the third quarter of 2006 would have been $35 million lower.

Greg Sterling has highlighted some of the conference call which was transcribed by Seeking Alpha:

What we are concerned about is that if we continue to develop so many new individual products that are all their assorted silos, you will have to essentially search for our products before you can even use them. And then you will have to search before you can do a search, in many cases.

Instead what we’re doing now is we are trying to create the horizontal functionality across a range of products, across media types and so forth. For example, I mentioned already Google Apps for Your Domain, and that in a sense is a product, but really it just combines a whole bunch of other offerings together, seamlessly integrated together so they can work well for an organization.

Another example which we haven’t gotten quite up and running yet, but when you want to share your documents or your pictures or your videos, it would be nice to have the exact same way to share all those things, to have all that functionality available across all of those media types in the identical way, rather than developing sort of one-offs for each of those products.

There’s a whole set of initiatives that’s now going on in the Company to make our product offerings simpler and more consistent for all of our users.

Jonathan Rosenberg on AdWords “Starter Edition”:

Jonathan Rosenberg again, on Local:

But if you want to check some out, type polo store, New York City. You can also a look at some of the printable coupons that Larry mentioned if you type in “carwashes in Mountainview”.

Mark Rowen – Prudential

And how are some of the monetization efforts in local going? I know you were doing some testing with some retailers, putting their names in the bullets on the Maps and things. Can you talk about that at all?

Jonathan Rosenberg

It is a real portion of our revenue. I can’t give you specifics in terms of percentages, but it is one of the things that we are tracking very, very carefully and that is reasonably significant at this point.

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Google Earnings Hopes Hampered By Economy, Competitors

(Reuters) – Investors have muted expectations for Google Inc’s second-quarter results, as economic clouds and shifts in the company’s strategy dampened hopes that it will beat Wall Street estimates.

At least three analysts have cut financial estimates for Google in the run up to its second-quarter earnings report due late Thursday.

“There’s no question that sentiment going into the quarter is much lower,” said Cowen and Co analyst Jim Friedland.

With fears of a double-dip recession and ongoing worries about the European debt crisis, Wall Street is taking a cautious view on the Internet powerhouse, which counts Britain as one of its biggest overseas markets.

Google’s future in China, where the company’s license was recently renewed for one year, is also a concern for investors.

Investors will also focus on operating expenses and headcount after Google made eight acquisitions during the quarter in addition to the $700 million deal to acquire online travel software company ITA Software announced July 1.

“…a large uptick in expenses could create concerns for investors looking for the company to maintain or increase margin in 2011,” UBS analyst Brian Pitz wrote in a recent note to investors.

TWEAKING EXPECTATIONS

Google has beat Wall Street revenue expectations in five of the past seven quarters and exceeded profit estimates in each of the past seven. But its shares have sold off after its last two better-than-expected earnings reports when, analysts said, some investors’ expectations of blow-out results were missed.

The average analyst expectation according to Thomson Reuters I/B/E/S calls for Google to generate net revenue — which excludes costs that Google pays to partner websites — of $4.99 billion in the second quarter, down roughly 1.4 percent from the first quarter, with earnings per share of $6.53.

Estimates from Thomson Reuters StarMine, which places more weight on recent forecasts by top-rated analysts, forecast revenue of $4.99 billion and a EPS of $6.57 – a relatively minor amount of upside by Google standards.

“In previous quarters, when foreign exchange wasn’t that big of an issue and macro conditions were relatively stable, all the checks (that analysts made with Google’s customers) were coming out strong, so the numbers kept going up ahead of the quarter,” said JMP Securities analyst Sameet Sinha.

Still, with shares now trading at much lower levels and second-quarter estimates having come down, JMP’s Sinha says the stock is under less pressure to outperform on Thursday.

Google’s stock is down roughly 22 percent from its 52-week high of $629.51, though shares have rallied more than 13 percent since the start of the month, closing at $491.34 on Wednesday.

SOCIAL NETWORKING

Meanwhile, Google’s Android smartphone operating system software has continued to make headway. Roughly 160,000 smartphones featuring Android software are now shipped every day, up from the 60,000 units-per-day rate announced in February, Google said.

The company’s plans to become an online phone retailer have fared less well, with Google pulling the plug on its effort to sell the Nexus One smartphone through its website in May.

And while Google shares got a bump earlier this month, after the company said its license to operate a website in mainland China had been renewed by the Chinese authorities, analysts question Google’s business prospects in the world’s largest Internet market by users.

Kaufman Brother’s analyst Aaron Kessler said he hoped to get more clarity from management on the sustainability of Google’s new tack of providing Chinese websurfers a link to an uncensored search site in Hong Kong, as well as details about changes in Google’s market share and ad business there.

Oracle Expected To Match Earnings Projections

Software giant Oracle, now a hardware company as well thanks to its purchase of Sun Microsystems, reports earnings on Thursday after the close of trading, and at least one analyst believes there will be no major surprises.

That’s good or not so good, depending on your perspective. It could be argued that Oracle’s (NASDAQ: ORCL) only significant competitor on a soup-to-nuts, hardware and software basis is IBM (NYSE: IBM). On the other hand, Oracle isn’t in a high-growth industry. Much of its growth has come from acquisitions in recent years, and there aren’t that many big targets left for it any more.

There’s also the added pressure on Oracle’s margins from Sun. As Broadpoint.AmTech analyst Yun Kim noted in a research note on the company earlier this month, Oracle currently enjoys the highest operating margin in the industry and is a relentless cost cutter.

Sun, however, is a hardware company, and hardware is not known for being a high margin business (with Apple a notable exception) and could cause “Oracle’s overall margin profile to decline substantially and it may be weighed down for some time while the company digests the acquisition,” Kim wrote.

Still, Kim expects Oracle to meet estimates with revenue for the third fiscal quarter ended February 26 of $6.41 billion, a 9 percent improvement over the second fiscal quarter and a 17 percent improvement over the same quarter last year. Oracle should report net income of $1.9 billion, or $0.37 per share.

Agreeing with Kim, a consensus survey by Thomson Reuters estimates Oracle will report earnings of $6.35 billion and EPS of $0.38.

One potential area of softness might be the benefit for currency. Recent strength in the U.S. dollar versus the Euro could likely lead to much less than the 7 to 8 percent currency benefit Oracle had forecasted for the quarter. But Kim added he does not expect weaker-than-expected currency to have any significant impact on its non-GAAP EPS.

“We believe its core database business remains solid, although certain local regions and certain verticals faced a more challenging sales environment than expected. Within its database business, ORCL’s middleware business put together yet another strong performance. We believe its application business is likely to remain lackluster,” Kim wrote in his note.

All things considered, he does not project any significant changes to projections as a result. Sun, he wrote, will not be a distraction for now. “We believe that investors are likely to focus on Oracle’s core business in the near-term and not put too much emphasis on Sun’s business as long as it continues to reaffirm its FY11 financial targets, which includes contribution from Sun,” he wrote.

Sun is expected to provide around $635 million, $1 million off from an earlier projection by UBS, and it will provide around $1.22 billion in product and services revenue next quarter, according to Kim.

The fourth fiscal quarter ending in May is traditionally Oracle’s busiest for the year. Kim projects Oracle will report revenue of $9.61 billion and non-GAAP income of $2.71 billion, or $0.58 per share.

Andy Patrizio is a senior editor at chúng tôi the news service of chúng tôi the network for technology professionals.

Check Out The Top 5 Profit

Analytics Insight presents the top tech stocks for today.

The vastness of the technology sector appeals to every profit-seeking investor. It consists of gadget makers, software developers, wireless providers, streaming services, semiconductor companies, cloud computing providers, and so many others. These companies have maintained their success streak, and now their stocks yield maximum profits for their investors. The top tech stocks boast strong success fundamentals along with a robust price performance in the industry. So, Analytics Insight presents the top 5 tech stocks for January 12, 2023.  

Qualcomm Incorporated 

Price today: US$185.40 Market cap: US$207.648 billion Qualcomm is a multinational corporation that manufactures semiconductors, software, and services related to wireless technology. Over the years, the company has expanded into producing semiconductor products in the fabless manufacturing model.  

Intel Corporation

Price today: US$55.91 Market cap: US$227.386 billion Intel is one of the world’s largest semiconductor producers. The company designs and sells central processing units for desktops, laptops, servers, as well as specialty chips for use in artificial intelligence. Intel is also progressing towards manufacturing, as it is partnering with other companies to produce chips for them.  

Dell Technologies, Inc.

Price today: US$60.25 Market cap: US$46.024 billion Dell Technologies is a multinational technology company that manufactures products like personal computers, servers, smartphones, televisions, and computer security and network, to name a few. It is also a leader in digital transformation, providing top-notch services to its clients.  

Cisco Systems, Inc.

Price today: US$62.37 Market cap: US$263.052 billion Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment, and other high technology products and services. The company also specializes in specific tech markets like IoT, domain security, videoconferencing platforms, and others.  

Dropbox Inc.

Price today: US$24.33 Market cap: US$9.305 billion

The vastness of the technology sector appeals to every profit-seeking investor. It consists of gadget makers, software developers, wireless providers, streaming services, semiconductor companies, cloud computing providers, and so many others. These companies have maintained their success streak, and now their stocks yield maximum profits for their investors. The top tech stocks boast strong success fundamentals along with a robust price performance in the industry. So, Analytics Insight presents the top 5 tech stocks for January 12, 2023.Price today: US$185.40 Market cap: US$207.648 billion Qualcomm is a multinational corporation that manufactures semiconductors, software, and services related to wireless technology. Over the years, the company has expanded into producing semiconductor products in the fabless manufacturing model.Price today: US$55.91 Market cap: US$227.386 billion Intel is one of the world’s largest semiconductor producers. The company designs and sells central processing units for desktops, laptops, servers, as well as specialty chips for use in artificial intelligence. Intel is also progressing towards manufacturing, as it is partnering with other companies to produce chips for them.Price today: US$60.25 Market cap: US$46.024 billion Dell Technologies is a multinational technology company that manufactures products like personal computers, servers, smartphones, televisions, and computer security and network, to name a few. It is also a leader in digital transformation, providing top-notch services to its clients.Price today: US$62.37 Market cap: US$263.052 billion Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment, and other high technology products and services. The company also specializes in specific tech markets like IoT, domain security, videoconferencing platforms, and others.Price today: US$24.33 Market cap: US$9.305 billion Dropbox is a file hosting company service that offers cloud storage, file synchronization, personal cloud, and client software. It has been declared as the most valuable company in the US and in the world as thousands of people avail Dropbox services.

How Game Account Hackers Turn A Profit

Game account hacking is nothing new. As long as people have had online game accounts, there have been others keen to crack their security and get into it. Did you know, however, that people can actually turn a profit from hacking game accounts? This makes game hacking more than just a malicious way to steal others’ accounts; it’s potentially a way to turn a large profit!

How Can Hackers Make Money?

This may seem a little weird: after all, why would people care about an in-game account? Surely anyone who owns a copy of the game already has their own account – why would anyone want to steal one?

Invested Hours

Things become a little easier to understand when you realise that different accounts hold different weights to them. For instance, let’s say two people have an account for an online RPG. One person has just made their account, while the other has been playing for years and has a lot of levels under their belt.

The latter player has a higher value on their account than the former in terms of invested hours. At the same time, their account is more desirable and will fetch a higher price if sold on the black market.

Rare Items

Some online games have rare items that players can collect. For instance, Fortnite has cosmetic items that are very valuable to players. As such, hackers are keen to crack open Fortnite accounts and sell the goods online.

Items can be earned through luck, effort, or money, depending on the game. Either way, items have an intrinsic value to them, and hard-to-acquire items will command higher price tags.

What Do Hackers Do with the Accounts?

Because these accounts have a value to them, hackers will often sell them on the black market for real money. They’re typically sold to people who have played the game but don’t want to put in the work or the effort to reach the end results. For instance, if someone really enjoys an online RPG but doesn’t want to level their character to the maximum level, they can go online and buy a hacked account that’s leveled up.

Do They Make a Lot of Money?

Potentially! Hackers tend to attack accounts at random. Instead of locating a valuable account and trying to crack it, they’ll brute-force a wide selection of accounts and hope that the ones they get into are valuable.

If they do manage to get ahold of valuable accounts, they could turn a very tidy profit with them. The BBC reported that teen hackers made “thousands a week” by hacking Fortnite accounts. Because Fortnite items are so desirable, they can sell accounts for hundreds of pounds to eager players.

Are All Sold Accounts Hacked?

Not all! Some accounts are simply owned by players who are tired of the game and want to make a profit from the time spent on the game. However, even if someone is willingly giving up their account, the game’s developers may have rules against purchasing accounts. As such, people who buy accounts may find themselves banned from the game due to account selling.

Game On

Making a profit as a video-game-account hacker may sound strange, but it’s very much real! With gamers wanting to shortcut their way into levels and items, hackers will always have a use for compromised accounts. Now you know why hackers target game accounts.

Would you ever consider buying a game account on the black market? Let us know below.

Simon Batt

Simon Batt is a Computer Science graduate with a passion for cybersecurity.

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How To Set Up And Use Google Fi On Iphone

Recently, Google rebranded its Project Fi as “Google Fi” and made it available not just for other Android devices but also iPhone. Packed in with a range of lucrative features; the cellular service has been getting plenty of attention. Going by the trend, I think many of you would be planning to use Google Fi on your iPhone.

But before going ahead with Google’s wireless plan, there are a few downsides you need to know. One of the hottest features of this service is the ability to switch between multiple cellular networks. Unfortunately, this functionality is currently available only on Google Pixel devices. This is not the only shortcoming; dive in to know more caveats before signing up for the wireless network!

Before we start, make sure to check out the following points:

As of now, Fi for iOS is in beta. So, don’t expect it to work perfectly

It doesn’t have its own cellular network. Carrier switching doesn’t work on iPhone, and your device will be forced to use the T-Mobile network for calls, text, and data

It’s compatible with iPhone 5s or later running iOS 11 or higher. Moreover, your device must be carrier unlocked to use this service

You won’t be able to make calls or text over Wi-Fi

It doesn’t let you use visual voicemail either. However, the company will offer the text transcripts of your voicemails

You won’t be allowed to use your iPhone as data hotspots outside the US

You will be charged $20 per month for phone service and texting. And you will have to pay $10 per GB of data

There is also an $80 plan for calls, text, and unlimited data. The good thing is that you can include your friends and family to your plan for $15 per month

It works in more than 170 countries–without any roaming charges

Now that you have taken a close look at the pros and cons of the service let me help you set up and use it on your iPhone.

How to Set Up and Use Google Fi with iPhone

Then, wait for the SIM kit from Google. Don’t worry; the company won’t charge anything for it.

Step #2. Now, you need to download Google Fi app on your iPhone.

Step #3. Next, you have to insert the Fi SIM into your iPhone and restart the device.

Step #4. Next up, launch the Fi app and sign in using your Google account. Make sure to use the same account, which you used while activating the service. Up next, you need to follow the instruction to start the new cell service.

To ensure your iPhone can send and receive regular text messages (other than iMessage), you may have to configure the settings. Read on…

Enable SMS and MMS Messages With Google Fi on iPhone

Step #1. Launch Settings app on your iPhone → Cellular Data.

Step #2. Now, tap on Cellular Data Network/Options.

Step #3. Next, you need to fill up some info accurately. To get it done perfectly, check out below: (Make sure to leave the blank space where nothing is mentioned.)

Cellular Data

APN: h2g2

Username:

Password:

LTE Setup:

PERSONAL HOTSPOT

APN: h2g2

Username: leave blank

Password: leave blank

MMS

Check out more information.

Sticky Note:

Just in case you were using Google Fi in the past on another device, you might not be able to receive SMS on your iPhone. If this is the case, you will have to disable Hangouts integration.

There you go!

Over To You…

I wish Google offered the service with full-fledged functionality on iPhone as well. Despite the shortcomings, the service seems to be a very cost-effective option. The flat $20 starting price along with the $10 on per gig of data usage isn’t bad from any perspective.

Author Profile

Dhvanesh

The founder of iGeeksBlog, Dhvanesh, is an Apple aficionado, who cannot stand even a slight innuendo about Apple products. He dons the cap of editor-in-chief to make sure that articles match the quality standard before they are published.

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