Home / Google outperforms expectations with $2bn profit

Google outperforms expectations with $2bn profit

by John Parnell on Jan 25, 2010

Google has announced quarterly profits of US $1.97 billion after a strong performance in its online ad business during the holiday season.

The results also showed a 17 percent revenue growth compared to the same period last year having taken $6.7 billion in the three month period.

“Given that the global economy is still in the early days of recovery, this was an extraordinary end to the year,” said Eric Schmidt, CEO, Google.

"As we enter 2010, we remain hugely optimistic about the internet and are continuing to invest heavily in technological innovation for the benefit not only of our users and customers, but also the wider web."

Revenue was also up 10 percent from the previous quarter, the first time the company had enjoyed double digit sequential growth since the US recession began in December 2007.

FEATURED COMMENT

Please click here to comment on this article

COMMENTS


Name *
Email *
City
Country
Subject: *
Comments: *
Math Question: *
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.	Refresh the image if not clear
	Remember me on this computer