Google Conference Call Summary

Google Conference Call Summary

Expects that International sales will be greater than 50% eventually... Says they are showing fewer ads which are worth more because they have been better targeted; says that they have increased their click through rates... Continues to see momentum in their International business... UK was particularly strong... co says they may see additional pressures on TAC rates going forward... says margins may decline as they continue to invest heavily in the business... majority of CapEx is infrastructure... International revenues: Revenues from outside of the United States totaled $1.71 billion, representing 47% of total revenues in the first quarter of 2007, compared to 42% in the first quarter of 2006 and 44% in the fourth quarter of 2006. Had foreign exchange rates remained constant from the fourth quarter of 2006 through the first quarter of 2007, our revenues in the first quarter of 2007 would have been $23 million lower. Had foreign exchange rates remained constant from the first quarter of 2006 through the first quarter of 2007, our revenues in the first quarter of 2007 would have been $115 million lower... stock trading at $481.31 in after hours. Courtesy of Briefing.com