Google exceeds expectations with jump in profits
The internet giant Google continues to show resilience in the face of the crisis and has once again exceeded experts’ expectations with strong growth in revenue and profits in the third quarter. Net income rose by more than 27 percent to over 1.6 billion dollars. The company is thus fueling hopes for a swift end to the economic crisis. Google CEO Eric Schmidt says that the worst of the recession is behind us.
Sales increased by seven percent to around 5.9 billion dollars, as the American search engine giant announced on Thursday after the close of the US stock exchange at its headquarters in Mountain View, California. The Google share
reacted with a plus in after-hours US trading. Google is now ready to make massive investments again, emphasized Schmidt. In the past few months, the company had put the brakes on costs in the wake of the economic crisis. Unprofitable business areas have been abandoned and jobs have been cut in some areas.
The number of clicks on Google ads, for which the Internet company receives money from advertisers, rose by 14%. This figure is considered a key indicator for the company's business, as it is Google's most important source of income. Although the growth of so-called paid clicks had slowed significantly at the height of the crisis, according to Handelsblatt, the slump predicted by some industry observers did not materialize.
www.google.ch
www.sda.ch
www.horizont.net
www.handelsblatt.com
reacted with a plus in after-hours US trading. Google is now ready to make massive investments again, emphasized Schmidt. In the past few months, the company had put the brakes on costs in the wake of the economic crisis. Unprofitable business areas have been abandoned and jobs have been cut in some areas.
The number of clicks on Google ads, for which the Internet company receives money from advertisers, rose by 14%. This figure is considered a key indicator for the company's business, as it is Google's most important source of income. Although the growth of so-called paid clicks had slowed significantly at the height of the crisis, according to Handelsblatt, the slump predicted by some industry observers did not materialize.
www.google.ch
www.sda.ch
www.horizont.net
www.handelsblatt.com
