Phenomenal Google profit
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Motorola's new cell phone using Google's Android software shown in San ...Source: Reuters -
Google CEO Schmidt speaks to Reuters during interview in PittsburghSource: Reuters -
Motorola CEO Sanjay Jha displays Cliq cellphone using Google's Android ...Source: Reuters -
Motorola CEO Sanjay Jha shows Cliq cellphone using Google's Android ...Source: Reuters -
Google Inc. Chief Executive Officer Eric Schmidt speaks to the ...Source: Reuters -
Motorola CEO Sanjay Jha talks about Clip cellphone using Google's ...Source: Reuters
After a 27 percent net income increase from a year ago, CEO says "worst of the recession is behind us." This is Google's largest quarterly profit. This is based on a 7 percent yearly climb in revenues. The net income is $1.64 billion.
Google expects to start hiring, buying companies and investing in new technology.
Google will need engineers and sales people.
YouTube, which was bought by Google four years ago for $1.65 billion in stock, continues on its path to profitability. The firm is using its acquisition of DoubleClick, in 2008, for display advertising.
Mobile searches are up by 30 percent from the second quarter, due to the use of smart-phones.
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- News Source: Uinta County News | about 1 month agoIf Google is any litmus test for the state of the U.S. economy, the worst recession in 70+ years is now firmly behind us. The search giant reported a stellar third quarter , beating all Wall Street Estimates. …net income in the quarter ended Sept.
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