Advertising is Google's goldmine
Internet giant Google increased its profits by 82 percent last quarter—yet still fell short of analysts' expectations.
Internet giant Google increased its profits by 82% in the last quarter - but still fell short of analysts' expectations. The share price on Wall Street reacted with a downward spiral. Google's turnover actually rose by 86 percent to 1.9 billion dollars. Google generates almost all of its revenue from online ads. According to Google, the slump in English advertising activities over the holidays was responsible for the failure to meet sales expectations.
