Google CEO Larry Page declared that the company's full year revenue was up by 29% while its quarterly revenue witnessed a 25% increase YoY at $10.58 billion at the end of the fourth quarter closing on 31st December 2011. Note that this revenue is reported without deducting Traffic Acquisition costs, which was at $2.45 billion or 24% of ad revenue. The company blamed the fluctuation in currency rates for negative impact on numbers, quarter on quarter. Highlights: Google+: The company seemed to be particularly enthusiastic about Google+. The number of users on the company's social networking property, Google+, doubled over the last quarter at 90 million, according to Page. He elaborated that about 60% Google+ users enagaged daily with the site, while 80% did so, on a weekly basis. He said that the product had received close to 200 updates in the recent past. Page added that Google had shut down 12 products to double-down on Android, Chrome, Gmail and YouTube. Android: According to Larry Page, 700,000 Android phones were activated on a daily basis - taking the total number of Android devices to 250 million. Over 11 billion apps have been downloaded from the Android Market. The company was happy with the reception of the latest Android build. Mobile search continues to grow rapidly. 60% increase on mobile visitors in 2011. Gmail: The number of active users on Google's webmail service was reported at 350 million. YouTube & ad revenues: Answering a question on how was YouTube contributing and whether…
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Vaishnaw said that in the next five years, there will be significant disruptions in the way telecom technology operates.
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