Search engine behemoth Google announced its first quarter revenue after the bell last night, meeting analyst expectations. Net revenue, excluding fees paid to partners, came in at $8.14 bn in the three months ended March 31, compared with $6.54 bn in the year-ago period.
The results show that Larry Page has settled into his new role as CEO well since he took the reins a year ago. He’s steadied the ship, got Google+ towards some semblance of proper competition against Facebook (though it has an awfully long way to go) and also signed a $12.5 bn deal to acquire smartphone maker Motorola Mobility Inc to help get its Android and phone businesses kicking harder. For now, Google is still every bit the search engine advertising king.
Perhaps tellingly, on the earnings call Page dodged questions as to whether Google will release its own tablet to compete with the Apple iPad and its ilk. Watch this space.
Jason Stamper is the editor of Computer Business Review.
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