Google: Solid
Google‘s Q4: advertisers keep spending, consumers keep clicking – Schmidt: “easy part”; http://tr.im/bym8
-
Gerrit Eicker
Reply
-
eicker. Wir sprechen Online. Folgen Sie uns zu relevanten Nachrichten rund ums Web. [RSS, Kontakt]
We speak Online. Follow us to relevant news focusing the Web. [RSS, Contact]
Gerrit Eicker 07:42 on 23. January 2009 Permalink |
TC’s Liveblog
pC: “Google’s Q4 net income came in $382 million ($1.21 per share), down 70 percent from $1.2 billion ($3.79 per share) last year. Revenues for the period were $5.70 billion in the fourth quarter of 2008, representing an 18% increase over fourth quarter 2007 revenues of $4.83 billion. MarketWatch points out that Google actually beat analysts forecasts for the quarter. Not counting special items, Google said earnings were $5.10 per share.”
pC: “CEO Eric Schmidt described the search giant’s Q4 as strong, claiming that although the goal of cost-containment eluded it in the past, they’ve “finally got it down.” In some ways Q4 was easy – there were holidays – but now, with the worsening economy, this is uncharted territory. He continued to express optimism that Google would benefit from the trends in search and online media in general.”
NYT: “‘The business is quite healthy, especially given the tough economic climate,’ Mr. Schmidt said. But saying that the fourth quarter may have been the ‘easy part,’ he noted that Google would not be immune to what appeared to be worsening economic conditions. – ‘We don’t know how long this period will last,’ he said.
AdAge: “Google’s not the only one unsure of how the first quarter will end up; search-ad buyers are also unclear. There’s some talk of whether the first quarter could be flat or even down. – ‘We’re not expecting a robust first quarter,” said Roger Barnette, CEO of SearchIgnite. “Clients are not pulling back spends dramatically but … they’re taking a deep breath and taking a look at what the consumer is doing.’”