Google sees record $1.6bn profit

TelegramSam · 10-16-2009, 03:04 AM

Google seem to be doing very well financially right now.

The following was on the BBC website this morning:

BBC NEWS | Business | Google sees record $1.6bn profit

Google has reported its highest quarterly profit,
suggesting that the internet advertising market
is bouncing back from the recession.

Google reported net profit of $1.64bn (£1bn) for the third quarter, a 27% increase on the same period a year ago.

Revenue for the three-month period came in at $4.38bn, which was well ahead of analysts' expectations of $1.29bn.

"The worst of the recession is clearly behind us," said Google chief executive Eric Schmidt.

"Because of what we have seen, we now have the confidence to be optimistic about our future."

Google's shares rose $16.44, or 3.1%, to $546.35 in extended trading.

The internet search engine has weathered the recession better than other advertising-dependent companies, and it was widely expected to be one of the first beneficiaries of an economic recovery.

"Google has no competition. Yahoo is withering on the vine and [Microsoft's] Bing is too tiny now," said Coin Gillis, senior analyst at Brigantine Advisors.

"They did great on every single metric. We think this is sustainable."

distinctly_digital · 10-16-2009, 03:29 AM

Incredible in the circumstances. I wonder when their bubble will burst, it will at somepoint, everyone's does.......

madison_avenue · 10-16-2009, 03:40 AM

Tesco made $5bn, we're in the wrong business!

Danny Cutts · 10-16-2009, 06:50 AM

Man I need t change business models!

Danny

klinvie · 10-16-2009, 07:05 AM

Yea, be nice to make just a tiny fraction of that. Shows how much money there is to be made!

michael_nguyen · 10-16-2009, 07:15 AM

easy peasy, just dominate the niche that people NEED

10-16-2009, 03:04 AM	#1
TelegramSam Telegram Expert ;-) Join Date: Apr 2009 Location: USA/UK Posts: 421 Thanks: 23 Thanked 93 Times in 50 Posts	Google sees record $1.6bn profit Google seem to be doing very well financially right now. The following was on the BBC website this morning: BBC NEWS \| Business \| Google sees record $1.6bn profit Google has reported its highest quarterly profit, suggesting that the internet advertising market is bouncing back from the recession. Google reported net profit of $1.64bn (£1bn) for the third quarter, a 27% increase on the same period a year ago. Revenue for the three-month period came in at $4.38bn, which was well ahead of analysts' expectations of $1.29bn. "The worst of the recession is clearly behind us," said Google chief executive Eric Schmidt. "Because of what we have seen, we now have the confidence to be optimistic about our future." Google's shares rose $16.44, or 3.1%, to $546.35 in extended trading. The internet search engine has weathered the recession better than other advertising-dependent companies, and it was widely expected to be one of the first beneficiaries of an economic recovery. "Google has no competition. Yahoo is withering on the vine and [Microsoft's] Bing is too tiny now," said Coin Gillis, senior analyst at Brigantine Advisors. "They did great on every single metric. We think this is sustainable."

10-16-2009, 03:29 AM	#2
distinctly_digital HyperActive Warrior Join Date: Mar 2009 Location: Watford, England Posts: 163 Thanks: 2 Thanked 4 Times in 4 Posts Social Networking	Re: Google sees record $1.6bn profit Incredible in the circumstances. I wonder when their bubble will burst, it will at somepoint, everyone's does.......
	SEO Hertfordshire ......If I've said something you don't understand please ask :).....

10-16-2009, 03:40 AM	#3
madison_avenue Advanced Warrior War Room Member Join Date: Mar 2008 Location: London, United Kingdom. Posts: 574 Thanks: 172 Thanked 46 Times in 41 Posts	Re: Google sees record $1.6bn profit Tesco made $5bn, we're in the wrong business!
	If you want to become an expert, talk to the experts.

10-16-2009, 06:50 AM	#4
Danny Cutts Travelling The World!!! War Room Member Join Date: Jan 2006 Location: Milton Keynes, United Kingdom. Posts: 1,146 Thanks: 55 Thanked 31 Times in 25 Posts Social Networking Contact Info	Re: Google sees record $1.6bn profit Man I need t change business models! Danny
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10-16-2009, 07:05 AM	#5
klinvie Active Warrior Join Date: Jun 2009 Posts: 47 Thanks: 16 Thanked 2 Times in 2 Posts	Re: Google sees record $1.6bn profit Yea, be nice to make just a tiny fraction of that. Shows how much money there is to be made!
	"If you're attacking your market from multiple positions and your competition isn't, you have all the advantage and it will show up in your increased success and income." Jay Abraham

10-16-2009, 07:15 AM	#6
michael_nguyen Soon To Be A Millionaire War Room Member Join Date: Jan 2009 Location: London Posts: 582 Thanks: 28 Thanked 55 Times in 45 Posts	Re: Google sees record $1.6bn profit easy peasy, just dominate the niche that people NEED
	"Go for keywords under [Insert number] competing sites" - Whoever tells you this is chatting out their .... WSO - The NicheMarketNinja Affiliate System Finally Captured On Video - 3 Solid Hours Of Training Is Here!