Google has posted a better than expected Q2 result.The search giant reported second quarter revenue as $4.07 billion from $3.9 billion.Google’s profit rose 19 per cent to $1.48 billion from $1.25 billion 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.
Another very interesting fact which must have helped Google post better results is cost cutting. Google employed 378 lesser employees ( full time) than it did on March 31st 2009.
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About Vaibhav Pandey
At the very core of my heart, i am someone who enjoys creating things. A computer engineer by education i grew up in New Delhi in India. My interests include network security, mobility and cloud computing.
Follow me on Twitter at @vaibhav1981 Tagged with: Business Model, Ceo, Economic Downturn, Economic Upturn, Eric Schmidt, Full Time, Giant, Google, Interesting Fact, Largest Economies, March 31st, Q2 Revenue, Quarter Revenue, Rose