Gawkwire: Web Hosting and Internet News Resource: Google revenue climbs, meets expectations

Google revenue climbs, meets expectations
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Elinor Mills (cnet) on 16 July, 2009 03:32:00
 
(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
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