Pingie: HTTP:: Google Sees Modest Growth in Q2 2009

HTTP:: Google Sees Modest Growth in Q2 2009
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Google released the financial results for the second quarter of 2009 and the numbers are in line with expectations, with revenue growth a mere 3 percent year over year. The company earned $5.52 billion in the last three months compared to $5.37 last year and a nudge over analyst estimates which pegged revenue at $5.49. While the search giant performed a little better than predicted, shares dipped 2 percent after the results were released. Profits on the other hand were up 18 percent over Q2 2008 at $1.48 billion compared to $1.25 billion.“Google had a very good quarter, especially given the continued macro-economic downturn. While most of the world's largest economies shrank, Google's year-over-year revenues were up 3%. These results highlight the enduring strength of our business model and our responsible efforts to manage expenses in a way that puts us in a good position for the economic upturn, when it occurs,” Eric Schmidt, Google CEO, said. “We remain focused on !
investing in technical innovation to drive growth in our core and new businesses.”Most of the revenue came from Google sites with $3.65 billion, also a 3 percent increase year over year. The company's partner program AdSense brought in another $1.68 billion from the advertising displayed on sites part of the Google Network, a 2 ...
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