Google logo
Quarterly profit at Google jumped by 27 per cent

Google posts positive results

Search giant says the worst of the recession is over and it is confident about the future

Written by Angelica Mari

The advertising industry has received a confidence boost after Google posted positive quarterly results and said the worst of the recession is over.

The search giant posted a seven per cent revenue increase for the quarter ending 30 September over the same period last year, while profit rose by 27 per cent.

The number of clicks on online ads increased by 14 per cent and the number of searches performed through mobile phones also rose 30 per cent over the last quarter.

As Google controls the direction of online search markets, the positive numbers have confirmed the strength of the advertising sector, where spending in the UK alone hit £1.75bn in the first two quarters of the year, a 4.6 per cent year on year gain, according to the Internet Advertising Bureau (IAB).

"Google had a strong quarter - we saw seven per cent year on year revenue growth despite the tough economic conditions," said Eric Schmidt, Google’s chief executive.

"While there is a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and we now feel confident about investing heavily in our future."

Earlier this year, Google cut 100 full-time staff after closing engineering offices worldwide and discontinuing less popular services in a bid to reduce costs.

The restructuring also included the closure of engineering offices in Austin, Texas; Trondheim, Norway; and Lulea, Sweden, as well as the withdrawal of Twitter-like services Jaiku and Dodgeball.

  • Have your say
  • Send to a friend
  • Print this
  • Share

reader comments

related articles

AMD logoHardware

AMD losses not as bad as expected

But losses still worse than a year ago 16 Oct 2009

 

Intel earnings on the rise

Firm sees strongest second-to-third quarter growth in more than 30 years 14 Oct 2009

Infosys reports positive results

Indian services provider is "cautiously optimistic" for the future 09 Oct 2009

Red Hat revenue up 12 per cent

Open source leader shows strong subscription revenue growth 24 Sep 2009

Oracle sales fall five per cent

But rivals doing worse, insists software giant 17 Sep 2009

Online advertising market ignores the recession

Spending up 4.6 per cent as marketers throw money at the web 30 Sep 2009

PBR 09: The chancellor's speech in full

The full speech from chancellor Alistair Darling's pre-Budget report 09 Dec 2009

Online advertising spend reaches £3.3bn

Internet advertising defies the downturn 06 Apr 2009

related whitepapers

today's top stories

Police hunt for moles with security software

Lancashire Constabulary to monitor data input of 7,000 staff in bid to prevent intelligence leaks 09 Feb 2010

PaperlinX outsources IT and comms to Bull and BT

Paper company spends €22m on five-year deal for desktop management, helpdesk and datacentre services 05 Feb 2010

Social tools take KM to a new level

Technology expert David Tebbutt explains how – and why – organisations should integrate social networking tools into their knowledge management strategy 02 Feb 2010

EDS court defeat puts vendors on their guard

BSkyB’s victory in a long-running court case against EDS has serious implications for the IT industry 02 Feb 2010

Law firm monitors web traffic violations

Bucks declining global security appliance sales with unified threat management (UTM) platform deployment 01 Feb 2010

Advertisement

Security: The New Face of Intrusion Prevention
An outline of traditional IPS functionality, modern developments and how IPS can be deployed easily.

UK businesses’ attitudes to Cloud Computing revealed

Features results from a survey of over 200 Computing readers.

Advertisement

Keep up to date with the latest products, services and technologies from the world's leading IT companies; ITHound.com brings you over 6,000 white papers, case studies and analyst reports.

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

More available - click 'submit' to view

Existing User

Newsletter user login:

Jobs

Related jobs

Job of the week

Job alerts

Sign up here

Find your next job

IT Salary Checker

Check salary here

Advertisement

Latest poll

Internet Explorer 6

Internet Explorer 6

Following recent concerns about the security of Internet Explorer 6 are you planning to phase it out?

View poll results

Latest audio and video articles

Tony McAlisterVideo

Video Q&A: Tony McAlister, CTO, Betfair - Part one

On changing the skills development strategy at the online gambling firm - part one of a two-part video interview 05 Nov 2009

Video

Nokia shows upcoming handset technologies

Mobile phone features of tomorrow take the stage 21 Oct 2009

Latest in-depth articles

Analysis

Police hunt for moles with security software

Lancashire Constabulary to monitor data input of 7,000 staff in bid to prevent intelligence leaks 09 Feb 2010

Businessman with eye patch, dagger and tie round head, sitting at laptopFeatures

Are you sure you're not a pirate?

It is alarmingly easy for an IT leader to unwittingly exceed the scope of a software licence, and the chances of being caught out have never been greater, as technology lawyers Mark Weston and Paul Gershlick explain 09 Feb 2010

Primary Navigation