Google has posted revenues of $5.52 billion used for the back quarter, as the inflexible continues to weather the nastiest of the monetary recession.Profits batter $1.48 billion through the quarter ended June, compared
With $1.25 billion used for the same dot preceding time.
The results were a 3% increase on the same dot preceding time, leading Google chief executive Eric Schmidt to state "it demonstrates our resilience in come again? Continues to be a very hard milieu. Google's small business appears to contain stabilised."
Schmidt situate the results down to the company's current raft of cost-cutting measures, as well as firing 200 sales and marketing organization and shutting down projects such as its newspaper and telephone lines advertising division. At the same time as a product, operating expenses were around $120 million cut than by the same generation preceding time.
However, Schmidt rejected claims so as to the results showed online advertising was recurring to usual: "It's too first used for us to tell once the recovery will materialise. I yearning so as to we possibly will now demonstrate it, so as to we possibly will now prepare the analysis and assume it given away, but we don't know how to prepare so as to yet."
Future growth, he predicted, would be down to technical innovations such as Google Chrome OS: "History shows so as to companies so as to invest in innovation through downturns emerge stronger than their cost-cutting competitors," says Schmidt.
