Google’s initial public offering (IPO) investment is considered as one of the greatest in the history of Silicon Valley. The search giant has been enjoying the spotlight for the last 8 years. As the date for Facebook’s IPO release draws closer, everyone including Google is waiting with baited breath.
Many believe that once Facebook comes out with its IPO, the history will repeat itself. But Google is known to be hypercompetitive. This quality has played an important role in the search giant’s rise to the top. Now Google has a chance to hog the limelight once again as it reports its first quarter earnings on Thursday.
Expert analysis points to a rather unimpressive report. A 25% rise in revenue over last year is expected. The $8.08 profit per share is expected to rise to $9.64. But to steal the spotlight from Facebook, Google will have to really surprise everyone.
Everyone is interested in the company’s plans for its massive cash hoard, which amounted to over $44 million last quarter. Mobile market is growing in a big way and Google’s efforts in this sector will also generate interest. The search giant’s next move is being closely watched by everyone from SEO writers to social media managers.