DOCSLIB.ORG

Lightspeed Pos Inc

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Lightspeed Pos Inc UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2021 Commission File Number 001-39498 LIGHTSPEED POS INC. (Translation of registrant’s name into English) 700 Saint-Antoine Street East, Suite 300 Montréal, Québec, Canada H2Y 1A6 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F ☒ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): DOCUMENTS INCLUDED AS PART OF THIS REPORT Exhibit 99.1 Lightspeed Announces Voting Results on the Election of Directors Held During Its Annual and Special Shareholders’ Meeting 99.2 Report of Voting Results Document 99.2 of this Report on Form 6-K is incorporated by reference into the Registration Statement on Form F-10 of the Registrant, which was originally filed with the Securities and Exchange Commission on May 27, 2021 (File No. 333-256579), the Registration Statement on Form S-8 of the Registrant, which was originally filed with the Securities and Exchange Commission on September 30, 2020 (File No. 333-249175), and the Registration Statement on Form S-8 of the Registrant, which was originally filed with the Securities and Exchange Commission on December 4, 2020 (File No. 333-251139). 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Lightspeed POS Inc. (Registrant) August 5, 2021 /s/ Dan Micak By: Name: Dan Micak Title: EVP, General Counsel & Corporate Secretary 3 LIGHTSPEED ANNOUNCES VOTING RESULTS ON THE ELECTION OF DIRECTORS HELD DURING ITS ANNUAL AND SPECIAL SHAREHOLDERS’ MEETING Montreal, QC (August 5, 2021) – Lightspeed POS Inc. (“Lightspeed” or the “Company”) (TSX: LSPD) (NYSE: LSPD), the one- stop commerce platform for merchants around the world to simplify, scale and create exceptional customer experiences, today announced that shareholders voted in favour of all items of business put forth by the Company at its annual and special shareholders meeting held on August 5th, 2021 (the “Meeting”). 1. Election of Directors The seven (7) candidates proposed as directors were duly elected directors of the Company by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting, as follows: Name of Nominee Votes For % Votes Withheld % Patrick Pichette 90,809,039 99.96% 40,001 0.04% Dax Dasilva 90,808,530 99.96% 40,510 0.04% Jean Paul Chauvet 90,436,549 99.55% 412,491 0.45% Marie-Josée Lamothe 89,674,223 98.71% 1,174,817 1.29% Paul McFeeters 90,800,902 99.95% 48,138 0.05% Merline Saintil 90,104,642 99.18% 744,398 0.82% Rob Williams 89,772,779 98.82% 1,076,261 1.18% 2. Appointment of Auditors A ballot was conducted with respect to the appointment of PricewaterhouseCoopers LLP (“PwC”) as the Company’s auditors. According to the proxies received and ballots cast, PwC was appointed the Company’s auditors with the following results: Votes For: 92,978,355 (99.96%) Votes Withheld: 36,858 (0.04%) 3. Change Company’s name to Lightspeed Commerce Inc. A ballot was conducted with respect to approving a resolution to amend the Company’s articles of incorporation to change its corporate name from Lightspeed POS Inc. to Lightspeed Commerce Inc. (the “Name Change”), as more fully described in the Company’s management information circular. According to the proxies received and ballots cast, the Name Change was approved with the following results: Votes For: 90,823,661 (99.97%) Votes Against: 25,379 (0.03%) Final voting results on all matters voted at the Meeting are available on Lightspeed’s website and on SEDAR at www.sedar.com and EDGAR at www.sec.gov. About Lightspeed Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions and connection to supplier networks. Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange (NYSE: LSPD) and Toronto Stock Exchange (TSX: LSPD). With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries. For more information, please visit: www.lightspeedhq.com On social media: LinkedIn, Facebook, Instagram, YouTube, and Twitter Contacts: Brandon Nussey Chief Financial and Operations Officer Gus Papageorgiou Head of Investor Relations [email protected] SOURCE Lightspeed POS Inc. Daniel Micak EVP, General Counsel & Corporate Secretary Lightspeed POS Inc. August 5, 2021 VIA SEDAR Re: Lightspeed POS Inc. Report of Voting Results pursuant to Section 11.3 of National instrument 51-102 Continuous Disclosure obligations (‘NI 51-102”) At the 2021 annual and special meeting of shareholders of Lightspeed POS Inc. (“Lightspeed” or the “Company”) held on August 5, 2021 (the “Meeting”), and in accordance with section 11.3 of NI 51-102, the following matters were voted on. 1. Election of Directors A ballot was conducted with respect to the election of directors. According to the proxies received and ballots cast, the following individuals were elected as directors of the Company until the next annual shareholder meeting, with the following results: Name of Nominee Votes For % Votes Withheld % Patrick Pichette 90,809,039 99.96% 40,001 0.04% Dax Dasilva 90,808,530 99.96% 40,510 0.04% Jean Paul Chauvet 90,436,549 99.55% 412,491 0.45% Marie-Josée Lamothe 89,674,223 98.71% 1,174,817 1.29% Paul McFeeters 90,800,902 99.95% 48,138 0.05% Merline Saintil 90,104,642 99.18% 744,398 0.82% Rob Williams 89,772,779 98.82% 1,076,261 1.18% 2. Appointment of Auditors A ballot was conducted with respect to the appointment of PricewaterhouseCoopers LLP (“PwC”) as the Company’s auditors. According to the proxies received and ballots cast, PwC was appointed the Company’s auditors with the following results: Votes For: 92,978,355 (99.96%) Votes Withheld: 36,858 (0.04%) 3. Change Company’s name to Lightspeed Commerce Inc. A ballot was conducted with respect to approving a resolution to amend the Company’s articles of incorporation to change its corporate name from Lightspeed POS Inc. to Lightspeed Commerce Inc. (the “Name Change”), as more fully described in the Company’s management information circular. According to the proxies received and ballots cast, the Name Change was approved with the following results: Votes For: 90,823,661 (99.97%) Votes Against: 25,379 (0.03%) (signed) Daniel Micak EVP, General Counsel and Corporate Secretary.
Load more

Recommended publications
  • Zoona's Journey to Customer Centricity in Africa
    CASE STUDY // Zoona’s Journey to Customer Centricity in Africa “ Charles Darwin got it right when he said that it’s not the strongest that survive, nor the most intelligent, but the one most responsive to change . When we started on this journey, we didn’t plan today to look like today. We didn’t know exactly how things were going to pan out. However, we did know one thing: we would remain agile, ready to adapt to whatever was thrown our way.” — Zoona Founder Isms1 COVER PHOTO: Zoona agent, Lusaka, Zambia. 1. Zoona Founder Isms is a book published by Zoona in 2017 to articulate Zoona’s purpose and core values based on the vision and learning of its founders. 2 | cgap.org CGAP CASE STUDY ZOONA’S JOURNEY TO CUSTOMER CENTRICITY IN AFRICA Overview Zoona, an African fintech company launched in 2009, offers emerging entrepreneurs (agents) an opportunity to provide financial services to low-income consumers while earning commissions and creating employment. Started as an over-the-counter money transfer business, Zoona is expanding its digital product suite to include wallets, savings, and credit products. It provides a technology platform, working capital financing, business management tools, and entrepreneurial support to help agents’ businesses grow and increase financial inclusion. Zoona launched its financial operations in Zambia, where it conducts the highest P2P money transfer transaction volumes in the country, and has since expanded to Malawi. Zoona is organized in a hub-and-spoke model. Its hub, or back office operations, is located in Cape Town, South Africa while its spokes, the Malawi and Zambia country operations, support Zoona agents where they work.
    [Show full text]
  • Contains Forward-Looking Statements Within the Meaning of the Federal Secu
    This Annual Report (including the Founders’ DIRECTORS AND OFFICERS STOCKHOLDER INFORMATION Letter) contains forward-looking statements Directors For further information about Google, within the meaning of the federal securities contact: laws. These forward-looking statements Eric Schmidt Chairman of the Board & Investor Relations include, but are not limited to, statements Chief Executive Officer Google Inc. related to improvements to our search Google Inc. 1600 Amphitheatre Parkway engine, advertising systems, and products Mountain View, California 94043 Sergey Brin [email protected] and services. These forward-looking Co-Founder & President, Technology statements are based on current expectations, Google Inc. You may also visit us by visiting the forecasts, and assumptions and involve a investor relations portion of our website at: Larry Page http://investor.google.com number of risks and uncertainties that could Co-Founder & President, Products cause actual results to differ materially from Google Inc. If you wish to receive stockholder those anticipated by these forward-looking information online, you can register at: L. John Doerr http://investor.google.com/notify.html statements. Such risks and uncertainties General Partner include a variety of factors, some of which Kleiner Perkins Caufield & Byers Google’s stock trades on the NASDAQ are beyond our control. In particular, such Global Select Market under the ticker John L. Hennessy symbol GOOG. risks and uncertainties include our ability President, Stanford University to innovate and many risks relating to Transfer Agent and Registrar successful development and marketing of Ann Mather Computershare Trust Company, N.A. Former Executive Vice President & P.O. Box 43078 technology, products, and operating systems.
    [Show full text]
  • Plné Verze Na Chip Dvd
    DVD 8 GB ČERVENEC – JULY 07/2012 WWW.CHIP.CZ RELEASEWINDOWS NAPREVIEW CHIP DVD 8 MeGaTeStY Test: Nástup nových prohlížečů ›› Nejlepší smartphony → 56 ›› Velkoformátové TV → 62 Zaslouží si CHROME vedoucí pozici? → 80 ›› Odolné fotoaparáty → 68 PĚTIHVĚZDIČKOVÁ Falešná webová hodnocení → 22 Manipulace s uživatelskými recenzemi Jak rozpoznat falešné komentáře Komu ještě můžete důvěřovat € MAFIE DRAHÉ ZNAČKY, LEVNÉ DÍLY: → 114 / 9,99 2012 | 179,99 KČ ČERVENEC Kde se ve skutečnosti vyrábějí notebooky a spol. AKTUALIZACE FIRMWARU: → 118 Výhodnější než nákup nových fotoaparátů, mobilů… PlNé VeRzE Na ChIp DvD PLACENÁ INZERCE ABELSSOFT BACKUP 2012 ANY VIDEO EDITOR 1.3 NETOBJECTS FUSION 10 EAST-TEC ERASER 2011 Zálohujte si data Prázdninový editor Tvůrcem webu snadno Skartovačka každý den pro fotky i video a rychle a čistič stop PLACENÁ INZERCE EDITORIAL papírEDITORIAL PROBLEMATICKÝ INTERNET nebo tablet* titulním tématem červencového Chipu jsou falešná webová hodnocení. Určitě jste se někdy při svých on-line nákupech výrobků, služeb nebo třeba ČASOPIS CHIP: rezervacích ubytování spolehli na doporučení dalších internetových uživa- telů, takže sami uznáte, jak účinný tento prvek je. Obecně se bohužel odha- VAŠE DIGITÁLNÍ duje, že na známých hodnotících serverech je i přes nejrůznější opatření je- jich provozovatelů až 20 % textů padělaných nebo alespoň částečně ovlivně- KNOW-HOW VŽDY ných. Je to jen jeden z několika příkladů, dokazujících, že otevřenost a zdánli- NA DOSAH vá rovnost ve využívání internetu má své stinné stránky. Internet je skvělým JOSEF MIKA zdrojem uživatelských zkušeností, rad a doporučení, zároveň však umožňu- šéfredaktor je pokřivit výsledky nejrůznějších hodnocení, žebříčků nebo anket víc než jakékoliv jiné médium. Ona vůbec hranice mezi „využíváním“ a „zneužíváním“ webu může být hod- ně tenká a dnes se o ní diskutuje více než kdykoliv předtím.
    [Show full text]
  • TWITTER, INC. (Name of Registrant As Specified in Its Charter)
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy Statement ☐ Definitive Additional Materials ☐ Soliciting Material Pursuant to §240.14a-11(c) or §240.14a-2 TWITTER, INC. (Name of Registrant as Specified In Its Charter) Payment of Filing Fee (Check the appropriate box): ☒ No fee required. ☐ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: ☐ Fee paid previously with preliminary materials. ☐ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: Table of Contents Table of Contents TWITTER, INC.
    [Show full text]
  • Download the File
    “DON’T BE EVIL”: GOOGLE’S LABOR, TECHNOLOGY, AND THE LIMITS OF CORPORATE GOOD A thesis submitted to the faculty of San Francisco State University In partial fulfillment of %o IS the requirements for VvlOV\Sl the Degree •V45 Master of Arts In Women and Gender Studies by Alison Agnes Veith San Francisco, California May 2015 Copyright by Alison Agnes Veith 2015 CERTIFICATION OF APPROVAL I certify that I have read “Don't Be Evil”: Google’s Labor, Technology, and the Limits o f Corporate Good by Alison Agnes Veith, and that in my opinion this work meets the criteria for approving a thesis submitted in partial fulfillment of the requirement for the degree Master of Arts in Women and Gender Studies at San Francisco State University. Kasturi Ray, Ph.D Associate Professor Evren Savci, Ph.D Assistant Professor “DON’T BE EVIL”: GOOGLE’S LABOR, TECHNOLOGY, AND THE LIMITS OF CORPORATE GOOD Alison Agnes Veith San Francisco, California 2015 Google’s “Don’t Be Evil” motto and its public image as corporate do-gooder are examined through a material and cultural analysis of its internal labor hierarchies and its technological products. By focusing on Google’s hidden contracted reproductive service laborers, as well as the premises and consequences of disruptive, digital technology, this project reveals how the realities of necessary but undesirable work are obscured and contested. This dual focus allows for a revaluation of intimate labors in two ways. First, it reveals that Google’s sustained capital accumulation relies on its reproductive intimate labor. Second, it recognizes that Google’s corporate practices of invisibilizing intimate labor and mediating social intimacies are importantly reflective of the larger social, economic, and cultural trends in our emerging knowledge-based/service-based economy.
    [Show full text]
  • Google Chief Financial Officer Retiring 10 March 2015
    Google chief financial officer retiring 10 March 2015 Google chief financial officer Patrick Pichette is © 2015 AFP retiring after nearly seven years as one of the Internet titan's top executives. His pending departure was disclosed in a Securities and Exchange Commission filing available online Tuesday. A date for Pichette's departure from Google had yet to be set and he "intends to assist in the search for a new CFO and ensure an orderly transition," expected by the company to occur within six months. Prior to joining Google in 2008, Canada-born Pichette worked at McKinsey & Company, and Bell Canada. The Rhodes Scholar earned degrees from the University of Quebec in Montreal and from Britain's Oxford University. Pichette laid out his reasons for retiring in a heartfelt post at Google+ social network, explaining in touching detail how after more than 25 years of non-stop work he is shifting gears to explore the world with his longtime wife, Tamar. "I could not find a good argument to tell Tamar we should wait any longer for us to grab our backpacks and hit the road—celebrate our last 25 years together by turning the page and enjoy a perfectly fine mid-life crisis full of bliss and beauty, and leave the door open to serendipity for our next leadership opportunities, once our long list of travels and adventures is exhausted," Pichette said in his post. Pichette described working at Google as a privilege and expressed thanks for the friendship of co-founders Sergey Brin and Larry Page, along with chairman Eric Schmidt.
    [Show full text]
  • Unrealized Potential: Misconceptions About Corporate Purpose and New Opportunities for Business Education1
    UNREALIZED POTENTIAL: MISCONCEPTIONS ABOUT CORPORATE PURPOSE AND NEW OPPORTUNITIES FOR BUSINESS EDUCATION1 MIGUEL PADRÓ, THE ASPEN INSTITUTE BUSINESS & SOCIETY PROGRAM MAY 28, 2014 The dominant conception of the corporation today is that firms exist to maximize value for shareholders. Unfortunately, a narrow understanding of this paradigm causes many business leaders to believe that they are legally and morally obligated to maximize stock price for their investors. This conventional wisdom unnecessarily constrains thinking about the role of corporations in the long-term health of society. In doing so, it may also be an impediment to building the skills that companies, investors, and society are demanding from corporate leaders. We clarify the widespread assumption that shareholders own the corporation, then explore the implications for what is being taught to business students about value creation, risk, accountability, good management, and good governance. Business education is uniquely positioned to develop business leaders and investors who exercise sound judgment, resist the allure of the short term, and thus help realize the full potential of the corporate form. The Challenge The first quarter of 2011 at Google was, in the words of CEO Larry Page, “tremendous.” The company, still navigating the global recession, saw its revenues rise 27% and income was up 17%. For the quarter, Google earned $7.04 per share, up from $6.06 a year earlier. However, in afterhours trading following the announcement, Google saw its stock price drop 5%. Analysts bemoaned increases in Google’s costs, particularly employment costs, as the tech giant hired 1900 new employees in the quarter (as part of a plan to hire 6200 new employees over the course of the year) and gave a 10% raise to its employees.
    [Show full text]
  • Amendment No. 1 to Form 10-K
    Alphabet Inc. Annual Report 2016 Form 10-K (NASDAQ:GOOG) Published: March 29th, 2016 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A (Amendment No. 1) (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2015 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______. State or Other Jurisdiction Exact Name of Registrant as specified in its Charter, Address of Principal Commission IRS Employer of Incorporation Executive Offices, Zip Code and Telephone Number (Including Area Code ) File Number Identification No. Delaware Alphabet Inc. 001-37580 61-1767919 1600 Amphitheatre Parkway Mountain View, CA 94043 (650) 253-0000 Delaware Google Inc. 001-36380 77-0493581 1600 Amphitheatre Parkway Mountain View, CA 94043 (650) 253-0000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Alphabet Inc.: Class A Common Stock Nasdaq Stock Market LLC $0.001 par value (Nasdaq Global Select Market) Class C Capital Stock Nasdaq Stock Market LLC $0.001 par value (Nasdaq Global Select Market) Google Inc.: None Securities registered pursuant to Section 12(g) of the Act: Title of each class Alphabet Inc.: None Google Inc.: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Alphabet Inc. Alphabet Inc.
    [Show full text]
  • Management Staffing
    MANAGEMENT STAFFING (See the video introduction here…) There are a lot of changes in Alphabet (ex-Google Inc.) in relation with the global economic turmoil. It is obvious that a certain amount of contraction of the business is needed and especially in the financial and investment policy. Exactly in such a moment another piece of bad news comes – Patrick Pichette (read about the actual resignation letter by Pichette here: https://eu.usatoday.com/story/tech/2015/03/10/google- patrick-pichette-retiring/24719533/, see the actual news video here: https://www.youtube.com/watch?v=NRCu1Sf_paI), Chief Financial Officer resigns on personal issues. In front of the Executive Officers lies a hard choice for finding his replacement and a new colleague. There are two general possible solutions to the situation: promote someone of the managers working at the financial department OR appoint financial manager holding an equivalent position in other company. The newly appointed manager should aim at solving at least several important issues: 1. To be able to meet the coming challenges to the financial operations of the company in the conditions of global economic recession. 2. To accept the philosophy and to learn the business culture of the company in order to join the team work without any delay. 3. To be worthy substitute of the current manager, so that there is continuity. 4. To be a professional as well as a creative and heuristic person. After a detailed discussion on the appropriate candidates, the choice is narrowed down to the following (in alphabetical
    [Show full text]
  • Social Media 'One Part' of Google Strategy: CFO 21 November 2010
    Social media 'one part' of Google strategy: CFO 21 November 2010 Pichette said Amazon and Apple were "winning" in the new technology race and Microsoft was a "formidable" competitor, but played down as media hype suggestions that Facebook was Google's next big rival. "The digital world is exploding and it has so many chapters -- it has cloud computing, it has mobile, it does have social, it has searches, it has so many elements. Within that... social (networking) is just one chapter," said Pichette. Internet giant Google said social media was "absolutely" "Yes, absolutely it will be part of our strategy, yes it part of its strategy and would be embedded in "many of will be embedded in many of our products. But at our products" but played down its rivalry with networking the same time remember it's one chapter of an icon Facebook. CFO Patrick Pichette on Sunday said entire book." Google was at the centre of an exploding digital economy where computer power was "relentlessly, It follows Facebook's launch of a next-generation dramatically increasing" and innovation was crucial to messaging service this month, seen as a major survival. challenge to Google's Gmail and fellow web-based email providers Yahoo! and Microsoft. Internet giant Google said social media was Microsoft's Hotmail currently has the most users, "absolutely" part of its strategy and would be 361.7 million as of September, according to online embedded in "many of our products" but played tracking firm comScore, followed by Yahoo! with down its rivalry with networking icon Facebook.
    [Show full text]
  • Disrupt Yourself Podcast
    Disrupt Yourself Podcast E P ISOD E 226: BE DISCOVERY DRIVEN Welcome to the Disrupt Yourself podcast, where we provide strategies and advice on how to climb the S curve of Learning in your professional and personal life, stepping back from who you are to slingshot into who you want to be. I'm your host, Whitney Johnson. This episode is the final in the series on the seven accelerants of personal disruption. If you're new to the podcast and want an overview of the entire framework, you can start with episode 80 or 196, if you want the encore version. Whitney Johnson: The big A-HA for me that I outlined in that episode is that disruption isn't just about products, it's about people that if we want to make progress along our S curve of Learning, we need to be willing to disrupt ourselves in large and especially small ways. In episode 100, I talk about risk, taking the right kind of risk, market versus competitive risk, the importance of playing where no one else is playing, creating rather than competing. Taking market risk is how you increase your odds of success. This is the first accelerant of personal disruption. In episode 120. I talk about accelerant number two, playing to your distinctive strengths. Not only identifying them, but also owning them and valuing them. When you feel strong, you're more willing to venture forth to go where you haven't gone. Taking the right kind of risk while playing to your strengths becomes a flywheel for movement up the S curve.
    [Show full text]
  • GOOG Q1 2015 Exhibit 99.1
    Exhibit 99.1 Google Inc. Announces First Quarter 2015 Results MOUNTAIN VIEW, Calif. – April 23, 2015 - Google Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2015. “Google’s first quarter revenue was $17.3 billion, up 12% year on year. Excluding the net impact of foreign currency headwinds, revenue grew a healthy 17% year on year,” said Patrick Pichette, CFO of Google. “We continue to see great momentum in our mobile advertising business and opportunities with brand advertisers.” Q1 2015 Financial Summary Operating income, operating margin, net income, and earnings per share (EPS) are reported on a GAAP and non-GAAP basis. Non-GAAP operating income and non-GAAP operating margin exclude stock-based compensation (SBC) expense from continuing operations. Non-GAAP net income and non-GAAP diluted EPS exclude SBC expense from continuing operations, net of the related tax benefits, as well as Net Loss from Discontinued Operations. These non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, and non-GAAP constant currency revenues and growth, are described and reconciled to the corresponding GAAP measures at the end of this release. The following summarizes our consolidated financial results for the quarter ended March 31, 2015 (in millions, except for per share and shares outstanding information; unaudited): Three Months Ended Three Months Ended March 31, 2014 March 31, 2015 Revenues $ 15,420 $ 17,258 Increase in revenues year over year 19% 12% Traffic acquisition costs (TAC) $ 3,232 $ 3,345 GAAP operating income $ 4,115 $ 4,447 GAAP operating margin 27% 26% Non-GAAP operating income $ 4,954 $ 5,650 Non-GAAP operating margin 32% 33% GAAP net income* $ 3,452 $ 3,586 Non-GAAP net income $ 4,299 $ 4,532 GAAP diluted EPS* $ 5.04 $ 5.20 Non-GAAP diluted EPS $ 6.27 $ 6.57 Diluted shares (in thousands) 685,212 689,498 *GAAP net income and diluted EPS include Net Loss from Discontinued Operations for the three months ended March 31, 2014.
    [Show full text]