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Google Continues To Dazzle

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Google continued to dazzle Wall Street in its third quarter as a publicly traded company, blowing past analysts' estimates after the close on Thursday.

Google's net income soared 576% in the first quarter to $369.2 million, or $1.29 a share — a stunning 37 cents a share more than analysts were expecting — and net revenue of $794 million beat $729.8 million forecasts.

"This was a very strong quarter for Google," CEO Eric Schmidt said in a statement. "We continue to execute well, and we have been able to take full advantage of the growth in online advertising."

Shares of Google jumped 6% in after-hours trading, approaching the stock's all-time high of $216.80 a share.

Stocks soared during Thursday's trading session, with the Dow and S&P posting their best gains in two years after strong manufacturing and jobs data eased fears of an economic slowdown. Comments from Fed Chairman Alan Greenspan dismissing "stagflation" concerns added to the gains, as did strong earnings from technology companies.

The Nasdaq soared 48 to 1962, the S&P 500 surged 22 to 1159, and the Dow soared 206 to 10,218. Volume rose to 2.3 billion shares on the NYSE, but declined to 2.02 billion on the Nasdaq.

Advancers led 24-8 on the NYSE, and 22-8 on the Nasdaq. Upside volume was 83% on the NYSE, and 86% on the Nasdaq. New highs-new lows were 23-66 on the NYSE, and 28-105 on the Nasdaq.

Strong earnings from Motorola, SAP and Nokia sent the Nasdaq to its best gain of the year, and Qualcomm managed a gain despite warning.

eBay finished the day fractionally lower, as concerns about slowing growth at the online auction giant outweighed better than expected earnings.

Cypress Semi and VeriSign surged on their results, and DoubleClick jumped 16% on takeover reports.

Archipelago soared 60% after the NYSE announced plans to buy the electronic trading firm and go public.

Source.

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Collaboration Events: Pakistan Open Source Summit, GNOME+Rust Hackfest, DataworksSummit Berlin

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    A large number of attendees from industry, academia, government, and students participated in the summit. Portuguese Ambassador to Pakistan Dr Joao Sabido Costa was the chief guest at the opening ceremony while former Naval Chief Admiral (r) Asif Sandila graced the occasion as the chief guest at the closing ceremony.
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  • Madrid GNOME+Rust Hackfest, part 2
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  • DataworksSummit Berlin - Wednesday morning
    Data strategy - cloud strategy - business strategy: Aligning the three was one of the main themes (initially put forward in his opening keynote by CTO of Hortonworks Scott Gnau) thoughout this weeks Dataworks Summit Berlin kindly organised and hosted by Hortonworks. The event was attended by over 1000 attendees joining from 51 countries. The inspiration hat was put forward in the first keynote by Scott was to take a closer look at the data lifecycle - including the fact that a lot of data is being created (and made available) outside the control of those using it: Smart farming users are using a combination of weather data, information on soil conditions gathered through sensors out in the field in order to inform daily decisions. Manufacturing is moving towards closer monitoring of production lines to spot inefficiencies. Cities are starting to deploy systems that allow for better integration of public services. UX is being optimized through extensive automation.

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