Google 1Q15 Earnings Call Notes

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If currency trends persist, FX headwinds will continue to impact our results

“the U.S. dollar has continued to strengthen, which resulted in a gross negative currency impact on our revenues of $1.1 billion for the quarter. Even after the significant benefits of our hedging program, the net impact to our gross revenue was still $795 million. If these currency trends persist, FX headwinds would obviously continue to impact our results in 2015. So for our results now, our gross total consolidated revenue was $17.3 billion, growing 12% year-over-year and declining 5% quarter over quarter.”

We are a company built on intent and immediacy

“people expect to get exactly what they want, when they want it. As a company built on intent and immediacy, that’s good news for Google. Our job has always been to connect people with what they are looking for in the exact moment they are looking. Our ad products are a critical way we’ve delivered the right answers and the right moment, and it’s something we do really well. It’s often more valuable to know someone is shopping for a new SUV than it is to know basic demographic information about them.

Mapped the world including North Korea

“On Maps, we absolutely agree with you – very strategic, very popular, and that there are more than 1 billion active users of the Google Map services. We’ve mapped the world, as you know, 200 countries and territories, including North Korea. 1 billion times the app has been downloaded on android and lots and lots of stats to go through.”