Google Announces Financial Results For Q3 2010

October 14, 2010 by · Leave a Comment
Filed under: Americas, Finance, Internet, New Media, Technology 

http://t2.gstatic.com/images?q=tbn:ANd9GcSVJyK9jcxHEi9q5g4JcLTcJj02gKN94dYRmbXI74busd2GTlI&t=1&usg=__y__WnKfIx3nHCb2giejdiN4Wlw4=MOUNTAIN VIEW, CA, October 14, 2010 – Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended September 30, 2010.

“Google had an excellent quarter,” said Eric Schmidt, CEO of Google. “Our core business grew very well, and our newer businesses — particularly display and mobile — continued to show significant momentum. Going forward, we remain committed to aggressive investment in both our people and our products as we pursue an innovation agenda.”

Q3 Financial Summary
Google reported revenues of $7.29 billion for the quarter ended September 30, 2010, an increase of 23% compared to the third quarter of 2009. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the third quarter of 2010, TAC totaled $1.81 billion, or 26% of advertising revenues.

Google reports operating income, operating margin, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis. The non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, are described below and are reconciled to the corresponding GAAP measures in the accompanying financial tables. Read more

Reliance Mediaworks Partners Japan’s Imagica Corp – To provide Film Restoration, Image Processing and HD Conversion Services

March 17, 2010 by · 1 Comment
Filed under: Arts, Asia-Pacific, Business, JVs, New Media, Software, Technology 

Mumbai/LA/Tokyo; March 17, 2010 – Reliance MediaWorks Ltd., India’s fastest growing film and entertainment services company and a member of the Reliance ADA group has concluded an Memorandum of Understanding (MOU) with IMAGICA Corp, Japan’s largest lab and post-production company that has provided high-quality one stop services, from shooting to distribution, since its foundation in 1935.

Under the alliance, the companies would provide Film Restoration, Image Processing and Enhancement and HD Conversion services to Japanese Broadcasters and Studios.

IMAGICA Corp. offers a comprehensive range of services such as film processing and printing, inter-media transfer, digital and optical composite, VFX, CGI, editing and sound services, DVD authoring and duplication, and image restoration, etc. The company also leads the market with high quality services for Digital Intermediates, Digital Cinema, Stereoscopic 3D, and Blu-ray disc authoring. Read more

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