Google's second Quarter: no crisis here

Mon 20 July 2009 09:03, Bas van den Beld

Google has reported its second quarter earnings this Thursday. Where the advertising economy seemed to be stabilizing, Google seems to be growing as if there is no crisis going on at all. But the 3% growth of revenue is the lowest in 10 years time. The growth is there, but its slowing.

Google reported an 18 percent rise in income, with a total of $5.52 (€3.90) billion in revenues. More than half of these revenues came from the US. In Europe the UK was the biggest revenue - provider with a total of 505 million Euros (13% of the total). This is a slight decline compared to a year ago when the UK represented 14% of the total.

66% of the revenues Google made was made on Google Sites, while 31% came from the Google Networks.

Paid clicks were down compared to last year, but only slightly, 2%. And with Cost-Per-Click revenues increasing with 5% compared to the first Quarter Google will not complain.

The results Google made were made with 378 employees less than in the first Quarter. Google now has 19,786 full-time employees.

"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," said Eric Schmidt, Google's CEO.

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Comments (2)

- Muslih
but why goog`s price fall last friday..?

Ma 20 jul 2009, 09:35
- Bas van den Beld
- [website]
@Muslih, maybe that has to do with the fact that the numbers 'seem' better than they are. PPC revenues for example are down 15%. Thats a lot...

Ma 20 jul 2009, 10:20

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