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Last $573.66 USD
Change Today +16.20 / 2.91%
Volume 4.6M
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As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

google inc-cl a (GOOGL) Key Developments

Google Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Google Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s revenues were $17,258 million compared to $15,420 million a year ago. Income from operations was $4,447 million compared to $4,115 million a year ago. Income from continuing operations before income taxes was $4,604 million compared to $4,472 million a year ago. Net income from continuing operations was $3,586 million compared to $3,650 million a year ago. Net income was $3,586 million or $5.20 diluted per share compared to $3,452 million or $5.04 diluted per share a year ago. Net cash provided by operating activities was $6,617 million compared to $4,391 million a year ago. Purchases of property and equipment were $2,927 million compared to $2,345 million a year ago. Non-GAAP operating income was $5,650 million compared to $4,954 million a year ago. Non-GAAP net income was $4,532 million or $6.57 diluted per share compared to $4,299 million or $6.27 diluted per share a year ago. Adjusted EPS was $6.57 per share.

Google Introduces Project Fi Wireless Service

Google unveiled its new wireless service, Project Fi, which features a $20 per month fee for talk and text, and $10 per gig of data. The program is unique not only for its straightforward pricing plan, but for its use of existing mobile networks in the United States. Project Fi also allows users to use the service through whichever device they wish, including mobile phone, tablet or computer. The service is $20 per month for talk, text, WiFi tethering and international coverage in more than 120 countries. Data is $10 per gig and should a user not use all the data they pay for, Google will provide a prorated refund.

Software Engineer Sues Google for Age Discrimination

A 64-year-old software engineer sued Google for age discrimination on April 22, 2015 after the company did not hire him four years ago. Robert Heath, of Boynton Beach, Fl., was 60 years old and had a background working at IBM, Compaq and General Dynamics when he interviewed for a Google job in February 2011. His 21-page class-action complaint filed in federal court on April 22, 2015 seeks a jury trial, monetary damages and changes to Google's HR policies. Neither Heath and his lawyer nor Google representatives were immediately available for comment. The lawsuit claims persons age 40 or older are systemically excluded from positions for which they are well-qualified. The end result of Googlec pattern and practice of age discrimination is a workforce with a median age of 29. It was a Google recruiter who first contacted Heath after apparently discovering his website in February 2011, sending him an email that said the company was embarking on its large recruiting /hiring campaign in its history, according to the lawsuit. The recruiter emailed that he thought Heath was a great candidate after reviewing his experience. But a phone interview conducted by a Google engineer who tested his coding skills several days later did not go well. Heath announced in the lawsuit that he answered the technical questions correctly, but the Google engineer' lack of English fluency and insistence on using a speaker phone led to communication difficulties. The same recruiter who first contacted him later emailed back notifying Heath that Google was not going to pursue the next step in the hiring process, without fully explaining why. The lawsuit cites as precedent the high-profile case of Brian Reid, who was fired as Google' engineering director in 2004. The California Supreme Court ruled in 2010 that Reid presented enough evidence, including comments from colleagues mocking him as an cold fuddy-duddy and not a cultural fit, to make a discrimination claim.

TruClinic Partners with Google for Work

TruClinic announced a partnership with Google for Work which will result in large scale telemedicine coverage throughout provider networks across the globe. This partnership allows hospital systems embedded access to TruClinic's online telemedicine solution via Chromebooks. These portable and automatically updated laptops are preloaded with TruClinic and other healthcare applications to better address patient needs throughout the entire care process. With Chrome OS at their fingertips, a referring doctor has real time capability of following up patients' progress via video chat, a calendaring system, and a secure messaging portal. Chromebooks work right out of the box, making for a hassle-free experience using telemedicine. Unlike a traditional computer it won't slow down over time because updates are automatic and maintenance is easy. They come with multiple layers of security to help keep them safe from viruses and malware and TruClinic's 5-tier security system guarantees sensitive patient information stays confidential.

SafeGov.org Statement on European Commission Action against Google, Inc

In response to the European Commission's actions against Google finding that the company has abused its dominant share of Europe's online search market and launching a formal investigation into Google's Android platform, SafeGov.org calls the following three conclusions to the attention of public and private sector users: The Commission's action to serve Google with a Statement of Objections is an important step toward restoring European online competition. Europe will not and cannot close its vast market for online services to American innovation. But Europe has the right to insist that all participants in the market obey its basic competition laws, which do not fundamentally differ from those of the United States. The Commission's case has clear implications for business and education users. The targeted advertising that is at the heart of Google's economic model depends upon Google's ability to observe and analyze the online behavior of its users. This model is not illegitimate, so long as consumers understand that they are being profiled and have given their unambiguous consent. But as SafeGov.org has argued on many occasions, it is not an appropriate model for highly regulated verticals – especially those where the privacy of individual users is of heightened importance, such as schools, law enforcement and other government agencies, and health care providers. There should be no room for lack of clarity in public and private sector contracts. All organizations that procure cloud services should insist that their contracts explicitly forbid any exploitation of user data for profiling, ad targeting, market research or other purposes that they have not expressly authorized. Requiring cloud providers to comply with recognized international data privacy standards such as ISO 27018 is a recommended best practice. In the months ahead, as the European Commission pursues its prosecution of Google's conduct in the online consumer search and Android markets, SafeGov.org will continue to highlight the broader issues raised for public and private sector organizations using cloud services.

 

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