Top of the week: Google succeeds in increasing profits and sales
Apparently, the term «crisis» is completely foreign to Google. That’s good news for the search engine operator, which increased its profits by 9 percent in the first quarter, generating a whopping $1.42 billion in net income.
It seems that Google is completely unfamiliar with the term "crisis". Good for the search engine operator, which was able to increase its profits by nine percent in the first quarter and thus generate a surplus of a whopping 1.42 billion dollars. In addition, turnover grew by six percent to 5.51 billion dollars compared to 2008. The good figures even surprised analysts, who had previously expected lower profits.
had.
For CEO Eric Schmidt, his company's strong performance is no reason to lose his composure just yet. In view of the severity of the recession, Google has had a good quarter, according to the boss. The Google share price was far more enthusiastic. It climbed significantly after the good news. Perhaps Schmidt's modesty was also due to the fact that the advertising slump slowed the company's growth. The harshness of the recession is undoubtedly being felt. Schmidt is not so rosy about the future either: "The current economic environment remains tough."
had.
For CEO Eric Schmidt, his company's strong performance is no reason to lose his composure just yet. In view of the severity of the recession, Google has had a good quarter, according to the boss. The Google share price was far more enthusiastic. It climbed significantly after the good news. Perhaps Schmidt's modesty was also due to the fact that the advertising slump slowed the company's growth. The harshness of the recession is undoubtedly being felt. Schmidt is not so rosy about the future either: "The current economic environment remains tough."
