Google Surpasses Analysts Expectations

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Google Surpasses Analysts Expectations

By: Mike Sachoff
2009-01-23

Google has announced its fourth quarter results and overall its positive news for the company and investors.

"Google beat analysts expectations who were looking for earnings of $4.95 per share and $4.1 billion in net revenue, the company reported $5.10 and $4.2 billion, respectively.

Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of AdSense partners increased approximately 18 percent over the fourth quarter of 2007 and increased approximately 10 percent over the third quarter of 2008.

Net income for the fourth quarter of 2008 was $382 million down from $1.29 billion in the third quarter of 2008. Non-GAAP net income was $1.62 billion in the fourth quarter, compared to $1.56 billion in the third quarter of 2008.

Net cash from operating activities for the quarter totaled $2.12 billion compared to $2.18 billion for the third quarter of 2008.

"Google performed well in the fourth quarter, despite an increasingly difficult economic environment. Search query growth was strong, revenues were up in most verticals, and we successfully contained costs," said Eric Schmidt, CEO of Google.

"It's unclear how long the global downturn will last, but our focus remains on the long term, and we'll continue to invest in Google's core search and ads business as well as in strategic growth areas such as display, mobile, and enterprise."

View All Articles by Mike Sachoff

About the Author:
Mike is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.


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