CFO: Google Gears Up For Long-Term Growth
Larry Page's recent tinkering on Google's in-place structures were meant to reposition the internet giant and keep its competitive posture despite the enormous success that the company has achieved in so short a time.
This according to Google Chief Financial Officer Patrick Pichette, who declared that the company is streamlining its operations and re-focusing its product lines in order to preserve the 'start-up philosophy' that so far pushed it to the forefront of the lucrative internet search market.
Speaking at the Fortune Brainstorm Tech conference held at Aspen, Colorado on Wednesday, Pichette assured Google shareholders that more profits and revenues are forthcoming due mainly to the dominance now displayed by its Android platform and the Chrome Web browser.
The Google executive stressed on his audience that Page's motivation on his latest decisions was mainly to shore up further the company's stature as Pichette was quoted by Agence France Press (AFP) as saying that "through the reorganization, the realignment that Larry did a couple months ago, he just wanted to put focus specifically on product."
He added that the Google CEO is bent on maintaining his vision of a tech firm, which is "very young company ... in start-up mode and are going to invest for the long term."
To date, Pichette reported that the client base of both Android and Chrome are growing by the millions each day, which he pointed out arte complementing their functions in delivering income to Google via searches performed by users on Android-powered handsets, which were also installed with the Chrome app.
Adding to such premium functions, according to Pichette, were the prospect of growths set to be delivered by other company product lines such as Google Wallet, Google Payments and Google Offers.
Along with its path of growth, Google has endeavoured to increase the working condition of its employees, which AFP said now number to some 28,000, foremost of such improvements, according to Pichette, is an across-the-board wage increase that peaked to as much as 10 percent.
Parallel with that, Google proudly revealed that it has met all its tax obligations as mandated by the laws where the company operates, with Pichette asserting that "we pay every penny of tax we owe to everybody everywhere."