Google Inc. felt the pain of the recession in the first quarter, posting its first revenue decline in consecutive quarters since going public nearly five years ago.Revenue rose 6.2% to $5.51 billion from $5.19 billion a year ago, but declined 3% from the December quarter — a rare slip for a company that has enjoyed gangbuster growth in recent years.
http://online.wsj.com/article/SB123991260142626435.htmlGoogle’s Profit Is Up 8%, Beating Analysts’ Estimates
The slumping economy has broken Google’s streak: The Internet search giant said Thursday that it had its first decline in revenue compared with the previous quarter since it went public in 2004, as marketers reined in their online advertising budgets.But Google is also showing signs that it has adapted quickly to the new economic reality. With its growth slowing sharply compared with a year ago, Google has imposed severe cost controls and slashed expenses. As a result, Google reported net income for the first quarter of $1.42 billion, an 8 percent jump from a year earlier and higher than analysts expected.
http://nytimes.com/2009/04/17/technology/companies/17google.htmlUK business helps Google increase second quarter profits, despite fall in revenue
Google, the internet giant, has seen its quarter on quarter revenues fall for the first time in five years – although it managed to increase profits, helped in part by the recovery of its UK business.Announcing its latest results yesterday, the search engine and advertising business, shrugged off the worst effects of the recession by announcing that it generated $1.42bn (£952m) in net income from revenues of $5.5bn for the first three months of the year.
http://www.guardian.co.uk/technology/2009/apr/17/google-digital-media
Leave a Reply