Tuesday, December 21, 2010

Google's second quarter revenue growth momentum

United States, the largest Internet search company Google 16, published quarterly, this year's second quarter revenue of $ 55.2 million, an increase of 3%; at the same time, realized net profit 14.8 billion, an increase of 18.4%.

As a result of earlier this week, Intel released the optimistic performance reports, market on Google's profitability also have high expectations. However, Google 3% revenue growth is only slightly higher than analysts ' average forecast value, the quarterly publication after a few hours, its share price dropped by more than 3%.

Analysts believe that Google's search-based advertising model is still the best in the field of the Internet, and its flat revenue growth might indicate that other rely on advertising and e-business for profit means Internet company slowdown.

Google CEO Eric Schmidt in a same day · conference calls, the company's business seems to have stabilized, but to say it has to be able to see the outcome of substantive economic recovery is still "too early".

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