While the behemoths of the business world are feeling the pressure of the continued macro-economic downturn, Google is one such name which still manages to reek in better revenues.
In the second quarter ending June 30, Google‘s year-over-year (YOY) revenues went up by 3% and as per their CEO, all these happened because Google remained focused on investing in technical innovation to drive growth in its core and the new businesses. That of course and their cost reduction policies (19,786 full-time employees as of June 30, 2009, down from 20,164 full-time employees as of March 31, 2009)
The reported revenue for this quarter is $5.52 billion, an improvement upon the $5.37 billion from same quarter last year.
Google-owned sites raked in $3.65 billion which is 66% of the overall share and this again is a 3% increase compared to the $3.53 billion in 2008. The revenue from partner sites (the AdSense Program) generated $1.68 billion which is 31% of the total revenue. Revenues from outside US totaled $2.91 billion, which is 53% of the total revenues in the second quarter.
“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,“ said Eric Schmidt, CEO of Google. “œWe remain focused on investing in technical innovation to drive growth in our core and new businesses.”
[via DeviceMag]
