Google Delivers, and Big

Google Search
Google Search

Talk about a company priced for perfection, and able to deliver.

Google reported $5.89 in earnings per share, way ahead of the $5.42 anticipated by Wall Street, on $4.38 billion in net revenue, which too was way ahead of the $4.23 billion consensus.

The strength in this company's report can be found throughout its key metrics: Sites revenue jumped to nearly $4 billion, which beat the $3.8 billion analysts expected. Network revenue was $20 million better than expectations, at $1.8 billion. Paid Clicks were right in line with expectations, up 14 percent during the quarter.


But maybe more important, Google continues to keep a close eye on its spending.

Capex only reached $186 million, and that's well below the $348 million that Citi's Mark Mahaney expected. And look at the hiring line: Google's total employment now stands at 19,665 employees, or 121 fewer than a quarter earlier.

The company's balance sheet continues to impress: Google was able to add about $3 billion to its cash position, now at $22 billion versus the $19.3 billion just a quarter ago.

This is an impressive report and should do wonders when it comes to extending the tech rally that Intel began with its stellar earnings earlier this week.

Questions? Comments?