Jamesb101.com

commentary on Politics and a little bit of everything else

Google is doing fine….Thank You…..

The Mega search engine keeps rolling along…..making a money…and has put its conscience in check…

Google Inc. reported its strongest revenue growth in a year and issued its firmest public statement saying it would like to continue doing business in China, a week after it said it may pull out of the country due to a sweeping cyber attack.

The Mountain View, Calif., company said its revenue rose 17% in the fourth quarter to $6.67 billion from a year earlier, up from only 7% revenue growth in the third quarter and 3% growth in the second quarter.

Meanwhile, Google’s profit more than quintupled in the fourth quarter to $1.97 billion, or $6.13 a share, from $382 million, or $1.21 a share, a year ago. During the 2008 quarter, Google took a charge related to investments in AOL Inc. and wireless service provider Clearwire Corp.

The results indicate that Google’s online ad business is growing about as fast as it was at the end of 2008 after a several-quarter slump. In particular, Google said it benefited from marketers continuing to shift spending online during the strong online Christmas shopping season. Google Chief Executive Eric Schmidt called the results a strong end to “a rollercoaster year by any measure.”

January 21, 2010 - Posted by | Breaking News, Computers, Entertainment, Media, Other Things, The Economy, Updates | ,

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