Google Grows Revenues, Shrugs Off Microsoft's Android Attack
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Google is continuing to grow its business even as the global economic recovery appears to be slowing down. Part of Google's growth and future optimism comes from the success of its Android mobile operating system and new efforts like Google+.
For the third quarter of 2011, Google reported revenues of $9.72 billion which is a 33 percent year-over-year gain. Google's own sites generated 69 percent of total revenues. Net Income was also on the rise, coming in at $2.73 billion up from $2.17 billion in 2010.
One of the key drivers for Google now and moving forward is its mobile strategy which is anchored by their Android operating system. During the company's earnings call, Google CEO Larry Page stressed that his company was very excited about Android and the continued growth of the Android partner ecosystem.
Page also addressed the issue of how Microsoft is going after Android vendors. Multiple Android vendors including HTC and Samsung have signed agreements with Microsoft for patent issues related to Android. Both HTC and Samsung also work with Microsoft for Windows Phones.
"Rather than seeing, for example, Microsoft compete in the marketplace with their own smartphones, they've really continued resorting to legal measures to hassle their own customers, right? So it seems kind of odd," Page said. "And we haven't seen the details of those total agreements, and I suspect that our partners are making good deals for themselves there."