The Yahoo CEO - Marissa Mayer

Marissa Mayer (Photo credit: Wikipedia)

In October 2012, Marissa Mayer, Yahoo CEO, made her first report on earnings during a conference. She reported that she was happy with the company's progress in the third quarter. She also shared that Yahoo has been working with Microsoft to improve the search capabilities. However, the folks on Wall Street are still interested in the plan for reviving the company's revenue growth.

The former CEO had a more media centric approach but today, the company is revamping its products and underlying technology. Just last July, one day before the company's second quarter earnings were released, Mayer was hired. Therefore, she was not a part of Yahoo's review of the second quarter results. Mayer has recruited a Google advertising executive, Mr. Castro who is to start work in January 2013 as the chief operating officer. Mayer has also hired a new chief financial officer. In addition, this new CEO will be giving employees free meals, like Google does, and free smartphones. She has also been considering revamping Yahoo's home page. Compared to the previous year, Yahoo ended this third quarter with 12% less employees.

Mayer has been working hard to keep stockholders contented by distributing some of the proceeds from Yahoo's $7.6 billion deal for selling half of the company's stake in the Alibaba Group. It is projected that Yahoo will have earnings of 26 cents per share on a revenue of $1.08 billion. Therefore, Mayer seems to be doing a good job with Yahoo and is seeking to continuously improve the site.

Google Earnings Release October 2012

Image via CrunchBase

In a few days time Google will release its quarterly earnings. The figures are due to be delivered on the 18TH October as the market closes for trading. Larry Page the Chief Executive Officer of Google has already intimated that the company has had a highly successful three months and that profits are up by around 24%. Page is happy to report that the gambles they took concerning YouTube, Android and Chrome have indeed paid dividends. This means that the latest google earnings release will be welcome news for its investors.

Google behind the numbers:  In the main the majority of the vast sum of money that is earned every year comes from publicising. Around one billion people use the giant search engine every month; in real terms this means that one person out of seven uses Google on a regular basis. Thinking again in terms of google behind the numbers - add up the time that is spent using the giant search engine and it is in excess of two hundred billion minutes a year. Google consumes mammoth amounts of electricity, somewhere in the region of two hundred and sixty million watts per year.

The Board of Directors were happy to give the go ahead to a proposed stock dividend; this means that the company as a whole can concentrate on its long term goals. As the google earnings release draws ever closer it is time for investors to realise that they have a stake in an exciting company. Google has stood by its promise and it has improved people's lives.  Technology may still be in its infancy but Google has a lot more to offer in the future.

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