Google Inc (GOOG)’s Fourth Quarter 2014 Earnings Conference Call Transcript

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Patrick Pichette – Senior Vice President & Chief Financial Officer
Thank you so much, Mark. Jamie, we’re going to take one more question, so if you can turn it on, please.

Operator
And we’ll go next to Mark May with Citi.

Patrick Pichette – Senior Vice President & Chief Financial Officer
Mark, are you there?

Operator
And if you check your mute button, sir, we cannot hear you.

Mark May – Citi
Hello.

Patrick Pichette – Senior Vice President & Chief Financial Officer
There we are.

Mark May – Citi
Right, sorry about that uhm two questions, please. Could you tell us what your strategy is in the area of digital payments and is there way that you can leverage Android to develop uhm differentiated product in the market. And then secondly, sorry if I missed this uhm but, how should we be thinking about the strategy, strategic and the financial importance of search partnerships like for instance the Safari deal. And if there is anything that we should be reading into the recent changes at Mozilla and I think before that Spotlight and Siri search as far as either you know Google strategy and thinking in this area or its competitiveness competitiveness in these deals? Thanks. Sorry it’s a lot, but…

Patrick Pichette – Senior Vice President & Chief Financial Officer
That’s okay, Mark, no problem. So, I’ll take the second question, and then I’ll flip it over to uhm Omid to answer uhm the Wallet one. So, on the issue of partnerships you know, Google has a lot of partnerships right it’s got, it’s an anchor of our strategy, because that actually gives us distribution, distribution is good. And so we also we look for partnerships in many spaces. Partnerships have to be win-wins and in that sense right you, we’ll always look for those combinations. But also at the end of the day there’s a second piece of the strategy which is, as I said earlier, building amazing products because if you build the amazing products then people want to distribute you product.

And so, that’s why you know we have a meet in the whole search team that actually do this amazing job through the knowledge graph and all of the other elements of search and and no matter what the device, no matter the location, no matter the time of day, if we give you the answer as you’re looking for you know and 10 clicks less than it was before and then even faster and better all the time that’s what wins and that’s the core of what we’re focused on and then people will find the way to get the Google.

So, yes partnerships matter, but at the core of it you need partnership because you have a phenomenal product. And that’s what we’re going to continue to build this amazing company. So I’ll let with that uhm Omid talk about our developments for digital payments.

Omid Kordestani – Chief Business Officer & Special Advisor to the CEO
Hi, Mark, I I already addressed this a little earlier but, so I’ll summarize it again uhm, but we’re really after uhm removing the friction here uhm in all the products to uhm improve commerce and make the experience uhm for our users uhm seamless here. And there’s really two areas we’re focused on uhm one is really building a full functional payment system uhm that just is beyond tap and pay. So, uhm I mentioned that earlier using Gmail and the Wallet App to send money to friends, loyalty and gift cards and buying with Google uhm button with a uhm press of two clicks.

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