Google's success!
by Barbora Misakova
Crisis hits everyone except Google. This American public corporation posted on Thursday a five-fold rise in quarterly net profit what represents 1.97 billion dollars. By turning its back on the crisis and facing off with Chinese censors they became a king again. All that risk was worth it as it brought to Google annual net profit of 6.52 billion dollars which represents 54 percent increase. Google also noticed increase in “paid clicks” on ads posted at its online properties. This increase represents 13 percent what is a good sign not only for economy but also other Internet companies. In spite of this extraordinary success Google chief executive Eric Schmidt is ! modest and understands that “global economy is still in the early days of recovery.” On the other hand they are “hugely optimistic about Internet” and they want to continue with investing in technological innovation. After the long season of belt-tightening there is ripe time to acquire new companies or technologies. With 24.5 billion dollars in cash, some cash equivalents and short-term marketable securities it will not be a problem. However about 53 percent of Google’s revenue for the quarter came from outside the USA. That makes Google more careful about threat to pull out of China over online censorship which was a legal condition when Google tailored a search engine there in 2006. Because of cyber espionage targeted Google and some other firms, Google has a good case for shutting down its search engine in China. Analysts wonder what will this mean to the firm’s profits and other offerings there.
related story (sgx16226! ): http://www.france24.com/en/20100121-google-quarterly-net-pro...
| by Barbora Misakova for SigEx Ventures (http://sigexventures.com) |
SigEx Ventures's matrix of properties are quickly becoming leaders in digital telebroadcasting, free content delivery allowing people to easily talk, view, upload and share through free online TV broadcasting, free unlimited global calls, video blogs and SMS. SigEx Ventures invests in projects deploying "free" to add-on royalty revenue models
posted by Blog TechSource @ 11:53 PM
1 Comments:
http://fjpalacio.wordpress.com/2010/01/26/the-6th-international-conference-on-social-and-organizational-informatics-and-cybernetics-soic-2010-to-be-held-on-june-29-july-2-2010-in-orlando-florida-usa/
Post a Comment
Subscribe to Post Comments [Atom]
<< Home