Google sees revenues inch up 3%

Google has reported revenues of $5.52bn for the second quarter of 2009, up 3% year on year.

Google

Despite the year-on-year improvement, the owner of the most popular search engine, posted a decline in revenues on the previous quarter. In April Google reported revenues of $5.51bn – its first ever drop in quarter-on-quarter results – a 3% decline in revenues compared to the fourth quarter of 2008.

Profits rose by 19% to $1.48bn, up from $1.25bn a year ago. Operating income for the quarter was $1.87bn, up from $1.58bn.

UK revenues totalled $715m, accounting for 13% of revenues for the quarter up to June 2009, an increase of only 1% compared to the same period in 2008.

Revenue for Google-owned sites stood at $3.65bn, or 66% of revenues, up 3% compared to a year ago.

Eric Schmidt, CEO of Google, said, “Google had a very good quarter, especially given the continued macro-economic downturn. While most of the world’s largest economies shrank, Google’s year-over-year revenues were up 3%. These results highlight the enduring strength of our business model and our responsible efforts to manage expenses in a way that puts us in a good position for the economic upturn, when it occurs.

We remain focused on investing in technical innovation to drive growth in our core and new businesses”, he added.

Google is expected to launch a revamped version of its ad exchange by the end of August.

This story first appeared on newmediaage.co.uk

Latest from Marketing Week

Marketoonist on whack-an-idea

Marketoonist

Tom Fishburne is founder of Marketoon Studios. Follow his work at marketoonist.com or on Twitter @tomfishburne See more of the Marketoonist here

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here