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When Google was just new in early 2001 it was just an awesomely good search engine.This was the time when Eric Schmidt joined as a CEO.Schmidt shepherded Google from search to a network of wide-reaching and powerful services we know that how far it has grown.Why am I quoting this because Google changed the CEO leadership from Eric to one of the co founders Larry Page. This was noted during Thursday’s announcement, Schmidt was the one that played the adult role at a critical time in Google’s development.
I’m sure that Larry Page and Co-founder Sergey Brin had many big ideas back in 2001, but how to make them real, and how to bring it all together to create a powerful, vibrant and, most important, vastly profitable business would have been vexing, if not nearly impossible, without a seasoned CEO like Schmidt to show them the way. Schmidt’s button-down, yet affable style seemed to mesh well with Brin and Page’s youthful “smartest geek in the room” approach – and there is no doubting their success.
Schmidt is the man who pioneered winning services from AdSense to Picasa, from AdMob to Android, and Gmail.He let the Google Wave thing get out of hand and seemed unable (or unwilling) to guide Google Buzz to a gentle death. Google’s made great strides in mobile, but the successful delivery of Honeycomb (Android 3.0) hangs over them. An industry is relying on Google. Without this made-for-tablets Android OS, it’s unlike any Android tablet can compete with or beat Apple’s iPad. Schmidt helped oversee the delivery of the very successful Google Chrome browser and the still somewhat confusing Google Chrome Operating System. The departing CEO will leave it to Page to figure out how far Chrome goes as a platform and if it ever merges with Android.
Not only that Google reported earnings that saw a 29 percent increase in profits from last year.Google reported revenue of $8.44 billion for the fourth quarter, a 26 percent increase from the same time period in 2009. Profit, meanwhile, landed at $2.54 billion, up from $1.97 billion in Q4 2009.Google Sites generated about 67 percent of the total revenue at $5.67 billion, a 28 percent year-over-year increase. International revenue reached $4.38 billion, about 52 percent of total revenue.
Google executives placed emphasis on display, YouTube, enterprise, and Android. YouTube revenue more than doubled, Google said, while the enterprise business added several new high-profile customers, like the General Services Administration.Google also confirmed it is now activating 300,000 Android devices each day, a stat first shared by Andy Rubin, vice president of engineering at Google, in early December via Twitter. That activity helped drive a 10x year-over-year increase in the volume of searches from Android devices, Google said.
During its Tuesday earnings call, Apple acting-CEO Tim Cook said Android tablets “lack performance specs, they lack prices, they lack timing, and so today they’re vapor.” During the Google call, co-founder Sergey Brin joked that he is working on new projects, but doesn’t want to provide any details, lest he be accused of introducing vaporware. “I don’t want to repeat that in the future,” he said.
Google confirmed that all its employees received a 10 percent raise effective January 1. Google had previously said while that it doesn’t “typically comment on internal matters, we do believe that competitive compensation plans are important to the future of the company.”Google now has 24,400 employees, up from 23,331 on September 30.
Ten years is quite a run as a chief executive, and Schmidt’s legacy with Google is assured. Now we’ll wait to see how Page will run the company he cofounded, and where Schmidt will go from here.
Not only that Google reported earnings that saw a 29 percent increase in profits from last year.Google reported revenue of $8.44 billion for the fourth quarter, a 26 percent increase from the same time period in 2009. Profit, meanwhile, landed at $2.54 billion, up from $1.97 billion in Q4 2009.Google Sites generated about 67 percent of the total revenue at $5.67 billion, a 28 percent year-over-year increase. International revenue reached $4.38 billion, about 52 percent of total revenue.
Google executives placed emphasis on display, YouTube, enterprise, and Android. YouTube revenue more than doubled, Google said, while the enterprise business added several new high-profile customers, like the General Services Administration.Google also confirmed it is now activating 300,000 Android devices each day, a stat first shared by Andy Rubin, vice president of engineering at Google, in early December via Twitter. That activity helped drive a 10x year-over-year increase in the volume of searches from Android devices, Google said.
During its Tuesday earnings call, Apple acting-CEO Tim Cook said Android tablets “lack performance specs, they lack prices, they lack timing, and so today they’re vapor.” During the Google call, co-founder Sergey Brin joked that he is working on new projects, but doesn’t want to provide any details, lest he be accused of introducing vaporware. “I don’t want to repeat that in the future,” he said.
Google confirmed that all its employees received a 10 percent raise effective January 1. Google had previously said while that it doesn’t “typically comment on internal matters, we do believe that competitive compensation plans are important to the future of the company.”Google now has 24,400 employees, up from 23,331 on September 30.
Ten years is quite a run as a chief executive, and Schmidt’s legacy with Google is assured. Now we’ll wait to see how Page will run the company he cofounded, and where Schmidt will go from here.
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