Google Profit Jumps 38 Per Cent, Announces Stock Split
Revenues from the UK totaled $1.15bn, representing 11 per cent of revenues in the first quarter. Google CEO Larry Page says the company expects mobile ads to eventually generate more profit than desktop ads. The company didn't provide many other details about the performance of its mobile business in the last quarter, though Page adds that Google is clocking 850,000 Android activations per day.
Google also announced an effective stock split that will create a new class of non-voting stock, the details of which were outlined in a letter from the company founders.