Google Growth Slows Dramatically in 1Q

[HardOCP News]

It seems all the cuts Google has made lately have paid off, the company still managed to turn a profit even though it experienced the slowest revenue growth since going public five years ago.

"No company is recession-proof," Google Chief Executive Eric Schmidt told analysts in a conference call. "Google is absolutely feeling the impact." Schmidt and other Google executives repeatedly emphasized that the global economy remains in "uncharted territory."

 

[Damos]

Wonder if they can continue this through out the year?

Good news though.

 

[Altanar]

Why so pessimistic of a headline? CNN's is "Google profit beats estimates"

Net income for the three months ended March 31 totaled $1.42 billion, or $4.49 per share, compared with $1.31 billion, or $4.12 per share, a year ago.

Sales rose almost 6% to $5.51 billion from $5.19 billion last year.

 

[BombermanX]

Still looking like 20+ billion in revenue in a year. With 4+ billion in profits and no debt. They are in best position of any company on the internet.

 

[poconopc]

telling me how much they make from home.
Like google paid for my wedding , google let me live the good life lol.
All big spammer scams lol.