We are in the middle of our quarterly earnings call right now. Here are the remarks I just gave. One key stat: Over 10M Google+ users!
-Larry
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Good afternoon everyone – thanks for joining us today
It’s exciting to be on the call today and to share directly with you the progress we have made in my first quarter as CEO
As you will have seen from our press release we had a great quarter – with revenue up by 32 per cent year on year and a new record for quarterly revenue at over $9 billion!
We have substantially increased our velocity and execution this quarter – a key goal of mine since taking over as CEO
It’s why I created a new, product focused management structure – with a clear leader responsible for each product area
This new management team is working together fabulously… and has already achieved a lot in just three months
First we launched Google+ to field trial invitation only
Our goal with Google+ is to make sharing on the web like sharing in real life, as well as to improve the overall Google experience
Circles let you choose with precision who you are sharing with. Not surprisingly this has been very well received, because in real life, we share different things with different people.
Hangouts allow for serendipitous interactions. Like in real life when you run into a few friends. It gives you seamless and fun multi user video and it’s really amazing!
Last quarter, we launched the +1 button in search results and ads – enabling users to recommend stuff they liked, and have those recommendations show up in the search results of people they know
This quarter, we released +1 buttons to the entire web, and many sites like Huffington Post, the Washington Post and Best Buy have added +1 buttons
Google+ is still only in field trial with limited access as we scale the system
/> Users have to be invited, sign up with a profile in order to use it
However, the growth on Google+ has been great – and I’m excited to release some new metrics for you today
Over 10M people have joined Google+
Great achievement for the team
There’s also a ton of activity
We are seeing over 1 billion items shared and received in a single day
Our +1 button is already all over the web
It’s being served 2.3 billion times a day
So while we have a lot of work still to do, we are really excited about our progress with Google+
Google+ is also a great example of another focus of mine – beautiful products that are simple and intuitive to use and was actually was one of the first products to contain our new visual redesign.
We also launched that beautiful, consistent and simpler design on our home page, Gmail and calendar with many more products soon to come.
Greater focus has also been another big feature for me this quarter – more wood behind fewer arrows
Last month, for example, we announced that we will be closing Google Health and Google PowerMeter
We’ve also done substantial internal work simplifying and streamlining our product lines
While much of that work has not yet become visible externally, I am very happy with our progress here
Focus and prioritization are crucial given our amazing opportunities
Indeed I see more opportunities for Google today than ever before
Because believe it or not we are still in the very early stages of what we want to do
Even in search… which we’ve been working on for 12 years there have never been more important changes to make
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