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Science

Google to expand in Europe

The Google CEO has announced that his company is aiming to hire more people in Europe over the next year. The move comes after Google's very successful fourth quarter in 2010.

Google CEO Eric Schmidt

Schmidt has revealed plans to acquire 1,000 new employees

At the DLD tech conference in Munich, outgoing Google CEO Eric Schmidt said that his company would be hiring over 1,000 new staff members in Europe over the coming year, including "several hundred in a research and development center in Munich."

He added that the new employees would be split equally between developers and sales staff.

Currently, Google has approximately 5,000 employees between its European, African, and Middle East offices.

"We had a very, very good year and a very strong quarter," said Schmidt.

In the final quarter of 2010, Google turned a profit of $2.54 billion, or 1.86 billion euros.

"We looked at this year and in particular our prospects for growth in Europe, and our businesses globally are doing well, both our core business as well as our adjacent businesses, our 'hockey stick' businesses as we call them," he noted. "It's all very, very good. We are going to invest in Europe."

Last week, Google announced that Schmidt would be replaced by co-founder Larry Page starting on April 4.

Author: Cyrus Farivar (dpa)
Editor: Eva Wutke

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