Google Ready to Grow
October 15, 2009 by Stephen Kersey
Filed under Business
Google is already the world’s number one internet search provider, but that does not stop the massive company from wanting to grow even larger. Google, which posted higher-than-expected third-quarter profit, has stated that it may be on track to make a major acquisition every year from here on out.
According to Google executives, Google benefited from the fact that advertisers were more willing to spend on search engine ads during the third quarter and that more consumers shopped online, driving up advertising revenue for the company. Its revenue growth from last quarter to this quarter marks its strongest quarter-to-quarter revenue growth since the last quarter of 2007.
Google shares have surged 80 percent since mid-March, rising 3.2 percent to $547, a fact that signals that investors are confident in the Internet search giant’s potential. Analysts widely considered that Google would be among the first companies to experience growth as a result of economic recovery, so Google’s most recent results may be a good sign for the economy.
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