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 …read more
Google Revenue Slowing, Shares Fall
July 16, 2009 by Stephen Kersey
Filed under Business
Investors expect a lot from Google. That was especially evident on Thursday when Google’s shares dropped handily even though the company posted their highest quarterly net income in their history.
Prior to the release of Google’s second quarter report, Google shares were at around $442. Once the report became public, Google shares dropped to around $428 rather quickly.
Google’s net income for the second quarter of 2009 was approximately $1.5 billion. Compared to the second quarter of 2008, that number represents an almost 20% increase.
The number that investors didn’t like was the company’s revenue growth. With revenue of $5.52 billion in the …read more




