- Google reported strong revenue growth of 51% year-over-year and 14% quarter-over-quarter for Q4 2007, driven by growth in Google properties revenue and network revenues.
- Executing on its Search.Ads.Apps strategy led to improved search quality worldwide and better advertiser control and return on investment. Significant progress was also made in mobile with the launch of Android.
- International revenues grew to $2.3 billion in Q4 2007 and accounted for over half of total revenues, demonstrating Google's strong global performance.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...mayaclinic18
Whatsapp (+971581248768) Buy Abortion Pills In Dubai/ Qatar/Kuwait/Doha/Abu Dhabi/Alain/RAK City/Satwa/Al Ain/Abortion Pills For Sale In Qatar, Doha. Abu az Zuluf. Abu Thaylah. Ad Dawhah al Jadidah. Al Arish, Al Bida ash Sharqiyah, Al Ghanim, Al Ghuwariyah, Qatari, Abu Dhabi, Dubai.. WHATSAPP +971)581248768 Abortion Pills / Cytotec Tablets Available in Dubai, Sharjah, Abudhabi, Ajman, Alain, Fujeira, Ras Al Khaima, Umm Al Quwain., UAE, buy cytotec in Dubai– Where I can buy abortion pills in Dubai,+971582071918where I can buy abortion pills in Abudhabi +971)581248768 , where I can buy abortion pills in Sharjah,+97158207191 8where I can buy abortion pills in Ajman, +971)581248768 where I can buy abortion pills in Umm al Quwain +971)581248768 , where I can buy abortion pills in Fujairah +971)581248768 , where I can buy abortion pills in Ras al Khaimah +971)581248768 , where I can buy abortion pills in Alain+971)581248768 , where I can buy abortion pills in UAE +971)581248768 we are providing cytotec 200mg abortion pill in dubai, uae.Medication abortion offers an alternative to Surgical Abortion for women in the early weeks of pregnancy. Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman
2. Fourth Quarter 2007 Highlights
• Revenue growth of 51% Y/Y and 14% Q/Q
– Google properties revenue growth of 58% Y/Y and 14% Q/Q, driven by strength in
the holiday retail season
– Network revenues increased 37% Y/Y and 12% Q/Q
– Strong international performance, with $2.3 billion in Q4 international revenue
• Executing on Search.Ads.Apps Strategy
– Infrastructure investments in search leading to improved quality
worldwide
– Giving advertisers more control and improving ROI
g p g
– Improving Apps performance and ensuring data portability
– Significant strides in mobile with the launch of Android
• Ongoing focus on growth and profitability
2
6. Costs and Expenses
GAAP
$Millions Q4'06 Q3'07 Q4'07
Cost of Revenues
C f $1,283 $1,663 $1,956
Percent of revenues 40% 39% 41%
Research & Development $387 $549 $631
Percent of revenues 12% 13% 13%
Sales & Marketing $255 $381 $422
Percent of revenues 8% 9% 9%
General & Administrative $220 $321 $377
Percent of revenues 7% 8% 8%
Total Costs & Expenses $2,145 $2,914 $3,386
Percent of revenues 67% 69% 71%
Non GAAP
Non-GAAP
$Millions Q4'06 Q3'07 Q4'07
Cost of Revenues $1,272 $1,659 $1,950
Percent of revenues 40% 39% 40%
Research & Development $305 $418 $470
Percent of revenues 10% 10% 10%
Sales & Marketing $241 $351 $384
Percent of revenues 7% 8% 8%
General & Administrative $193 $288 $337
Percent of revenues 6% 7% 7%
Total Costs & Expenses $2,011 $2,716 $3,141
Percent of revenues 63% 64% 65%
Note: Please refer to supporting Table 1 for reconciliations of non-GAAP costs and
expenses to GAAP costs and expenses
6
7. Profitability
GAAP
$Millions Q4'06 Q3'07 Q4'07
Income from Operations $1,061 $1,318 $1,441
Operating Margin 33% 31% 30%
Net Income $1,031 $1,070 $1,206
EPS (diluted) $3.29 $3.38 $3.79
Non-GAAP
$Millions Q4'06 Q3'07 Q4'07
Income from Operations $1,195 $1,516 $1,686
Operating Margin 37% 36% 35%
Net Income $997
$ $1,237
$ $1,409
$
EPS (diluted) $3.18 $3.91 $4.43
Note: Please refer to supporting Table 2 for reconciliations of non-GAAP results of operations
pp g p
measures to the nearest comparable GAAP measures
7
8. Free Cash Flow
$Millions Q4'06 Q3'07 Q4'07
Net cash provided by
operating activities $911 $1,633 $1,693
Less purchases of property
and equipment
qp ($
($367)
) ($
($553)
) ($
($678)
)
Free cash flow (Non-GAAP) $544 $1,080 $1,015
8
9. Table 1 - Reconciliations of non-GAAP costs and expenses
to GAAP costs and expenses
As a % of As a % of As a % of
Revenues (1) Revenues (1) Revenues (1)
$Millions Q4'06 Q3'07 Q4'07
Cost of Revenues (GAAP) $ 1,283
1 283 40% $ 1,663
1 663 39% $ 1,956
1 956 41%
Less: Stock-based compensation (11) - (4) - (6) -
Cost of Revenues (non-GAAP) $ 1,272 40% $ 1,659 39% $ 1,950 40%
Research and development (GAAP) $ 387 12% $ 549 13% $ 631 13%
Less: Stock-based compensation (82) - (131) - (161) -
Research and development (non-GAAP)
(non GAAP) $ 305 10% $ 418 10% $ 470 10%
Sales and marketing (GAAP) $ 255 8% $ 381 9% $ 422 9%
Less: Stock-based compensation (14) - (30) - (38) -
Sales and marketing (non-GAAP) $ 241 7% $ 351 8% $ 384 8%
General and administrative (GAAP) $ 220 7% $ 321 8% $ 377 8%
Less: Stock-based compensation (27) - (33) - (40) -
General and administrative (non-GAAP) $ 193 6% $ 288 7% $ 337 7%
Total costs and expenses (GAAP) $ 2,145 67% $ 2,914 69% $ 3,386 71%
Less: Stock-based compensation (134) - (198) - (245) -
Total
T t l costs and expenses (non-GAAP)
t d ( GAAP) $ 2,011
2 011 63% $ 2,716
2 716 64% $ 3,141
3 141 65%
(1) Percentages based on GAAP revenues of $3,205 million in Q4 '06, $4,231 million in Q3 '07 and $4,827 million in Q4 '07
9
10. Table 2 - Reconciliations of non-GAAP results of operations
measures to the nearest comparable GAAP measures
Operating Operating Operating
Margin Margin Margin
(1) (1) (1)
Figures in millions except per share amounts Q4'06 Q3'07 Q4'07
Income from operations (GAAP) $ 1,061 33% $ 1,318 31% $ 1,441 30%
Add: Stock-based compensation 134 - 198 245
Income from operations (non GAAP)
(non-GAAP) $ 1,195
1 195 37% $ 1,516
1 516 36% $ 1,686
1 686 35%
Net income (GAAP) $ 1,031 $ 1,070 $ 1,206
Add: Stock-based compensation (net of tax) 99 167 203
Less: Advanced Pricing Agreement and R&D credit (133) - -
Net income (non-GAAP) $ 997 $ 1,237 $ 1,409
Net income per share - diluted (GAAP) $3.29 $3.38 $3.79
Net income per share - diluted (non-GAAP) $3.18 $3.91 $4.43
Shares used in per share calculation - diluted 313 317 318
(1) Percentages based on GAAP revenues of $3,205 million in Q4 '06, $4,231 million in Q3 '07 and $4,827 million in Q4 '07
10