Google revenue climbs, meets expectations

In what could be a positive sign for online advertising, Google said on Thursday that its second-quarter revenue rose from a year ago as ad spending in certain areas recovered and the company did well at managing expenses.

(cnet) In what it termed "a very good quarter," Google posted revenue of $4.07 billion for the second quarter, excluding commissions paid to advertisers, up from a year ago and a smidge higher than analyst estimates.

In a conference call, Google Chief Executive Eric Schmidt said he was very pleased with the results the company posted as the economy struggles to recover. "It demonstrates our resilience in what continues to be a very difficult environment," he said. "Google's business appears to have stabilized," as consumers turned to the Web to find the best deals and ad sales were strong.

Schmidt said he couldn't forecast when the economy would improve. ...Go to source