Google Posts Q2 Revenues of $5.5 Billion
Despite the economic slowdown, Google have reported Q2 Revenues of $5.5 Billion. This is a 3% year on year increase from last year, which shows a continued steady growth from Google. The following is what Google had to say:
“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,â€ said Eric Schmidt, CEO of Google. â€œWe remain focused on investing in technical innovation to drive growth in our core and new businesses.”
Revenues from the United Kingdom totaled $715 million, representing 13% of revenues in the second quarter of 2009, compared to 14% in the second quarter of 2008. Google have also reported a drop in overall Cost per Click. Read more here.