Goog Reports 2009 First Quarter Earnings...
Goog Reports 2009 First Quarter Earnings - Google Inc. (NASDAQ GS:GOOG) reported its first quarter earnings which reflected a decline in revenue due to the slow economy.
However there is no need to be worried, Google is also showing that it has grown and matured and has also cut down on employees.
Google Chief Executive, Eric E. Schmidt said:
“No company is recession-proof. Google is absolutely feeling the impact. Users are still searching, but they are buying less. Despite the tough economic climate, we think Google had a good quarter.”
Google reported their net income in the first 3 months of this year to be $1.42 billion, or $4.49 a share, up from $1.31 billion, or $4.12 a share, a year earlier. Adjusted earnings, which exclude the cost of stock options and other items, were $5.16 a share, far higher than the $4.93 a share that analysts expected.
That’s the news on Goog.
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