Thursday, January 22, 2009

Google Keeps On Trucking As The Rest Of The World Burns

The recession proof Google proved that well... it's recession proof! Even with the major downturn in essentially all the economies around the world Google managed to beat analysis estimates and actually grow year over year and quarter over quarter. They manged to make GAAP operating income for the fourth quarter of 2008 of $1.86 billion! That is nothing to sneeze at when a lot of other companies are reporting losses. They also have 15.85 billion in cash, cash equivalents, and short-term marketable securities as of December 31, 2008. Not too bad either... Here are the other highlights from the quarter...

• Revenue growth of 18% Y/Y and 3% Q/Q
– Google properties revenue growth of 22% Y/Y and 4% Q/Q
– Network revenues increased 4% Y/Y and 1% Q/Q
– International revenue was $2.9 billion
• Operational Highlights
– Traffic and revenue solid in Q4 despite difficult economic environment
– Key investments continue in our core search and ads businesses
– Increasing prioritization of our newer investments:

And my personal favorite the visual evidence of Google's growth...I don't have to tell you what to do... the numbers speak for themselves...

1 comment:

  1. I am REALLY surprised that Google's stock price actually ended up down after earnings... WTF?