• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechGoogle

Google CEO Sundar Pichai Plays Up U.S. Hiring During Earnings Call

By
Jonathan Vanian
Jonathan Vanian
Down Arrow Button Icon
By
Jonathan Vanian
Jonathan Vanian
Down Arrow Button Icon
October 25, 2018, 7:42 PM ET

During Google’s latest earnings call, CEO Sundar Pichai emphasized that the search giant is hiring U.S. Workers.

“This year to date, we have added over 9,000 new employees in the U.S.,” Pichai said in a call with analysts on Thursday coinciding with fiscal third quarter earnings report for Google parent company Alphabet.

Pichai’s comments come amid President Donald Trump’s criticism of U.S. Companies hiring workers and conducting major operations overseas. In September, Trump said that the prices of Apple products could increase because of increased tariffs on China and urged the company to “make your products in the United States instead of China.” The Trump administration then exempted some Apple products from being affected by the tariffs.

The Google CEO spent time discussing how the search giant is “investing closer to home,” reporting that Google spent over 80% of its total capital expenditures for the third quarter on data center facilities and offices in the U.S. This means that of the roughly $5.3 billion Google spent on capital expenditures in the third quarter, about $4.24 billion were dedicated to U.S. Facilities.

“They have a strong, positive impact on the communities around them, supporting thousands of jobs,” Pichai said of the company’s spending on U.S. Data centers and offices.

Pichai’s comments come after U.S. Lawmakers criticized and demanded more information from Google regarding the existence of a censored search engine for China, dubbed Project Dragonfly. Pichai confirmed earlier in October that Google was testing a search engine for China, but said it was only “exploratory” in nature.

When an analyst asked Pichai about a possible Chinese search product during the earnings call, the executive did not reply specifically about Project Dragonfly, saying that Google is “constantly looking for ways to better service Chinese users.”

“That is where we are today,” he added.

Overall, Google said its revenue increased 21% year-over-year to $33.74 billion in the third quarter. Analysts, however, were expecting $34.05 billion in third-quarter sales. Earnings per share of $13.06 were far better than the $10.43 Wall Street expected, though largely due to a surprise, one-time gain in equity securities.

Google shares were down 3.8% in after-hours trading $1,054.

Get Data Sheet, Coins2Day’s technology newsletter.

The search giant’s third-quarter earnings coincided with the publication of a major New York Timesinvestigation that detailed how Google paid the creator of the Android operating system, Andy Rubin, $90 million to resign quietly after the company found credible allegations by a female employee that the executive had forced her into a sexual act. Google later released a memo on Thursday signed by Pichai and the company’s HR chief, in which the two executives said the report was a “troubling read,” and that the company had fired 48 employees for issues related to sexual harassment over the past two years.

Pichai did not mention Rubin or the Times story during earnings call, nor did any Wall Street analyst ask him to comment on it.

About the Author
By Jonathan Vanian
LinkedIn iconTwitter icon

Jonathan Vanian is a former Coins2Day reporter. He covered business technology, cybersecurity, artificial intelligence, data privacy, and other topics.

See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.