April 17, 2009 at 14:17Google revenue fell for the first time in history
Google published a financial report for Q1 2009, and for the first time in its history, its revenues showed negative dynamics. In Q1 2009, compared with Q4 2008, revenues fell 3% to $ 5.51 billion.
However, this is actually not bad, because analysts predicted an even more serious drop in revenues (up to 4%). In addition, in one of the important areas (contextual advertising on Google.com), there is no drop, on the contrary, an increase of 3% (and + 17% compared to Q1 2008) is noted, which is associated with an increase in traffic to search sites (the number of requests related to job search doubled). AdSense revenue has unfortunately fallen.
Google’s profit for the quarter was $ 1.4 billion (+ 9%). This amount joined Google’s already impressive banking savings of $ 17.8 billion.
Director Eric Schmidt spoke at an official conference and answered questions from reporters. Among other things, the theme of Android was raised. Google Director said that mobile phones on this platform already generate 8% of all mobile page views on the Internet, Android took second place in this indicator, second only to the iPhone. In the near future, Schmidt said, a number of important “iron announcements” related to Android will be made.
What is more interesting, in the reports we see official recognition of the fact that the staff reduction. The number of Google employees fell from 20,222 in December to 20,164 in March. Google CFO said that recruitment continues only in some specific areas.
via Techcrunch
However, this is actually not bad, because analysts predicted an even more serious drop in revenues (up to 4%). In addition, in one of the important areas (contextual advertising on Google.com), there is no drop, on the contrary, an increase of 3% (and + 17% compared to Q1 2008) is noted, which is associated with an increase in traffic to search sites (the number of requests related to job search doubled). AdSense revenue has unfortunately fallen.
Google’s profit for the quarter was $ 1.4 billion (+ 9%). This amount joined Google’s already impressive banking savings of $ 17.8 billion.
Director Eric Schmidt spoke at an official conference and answered questions from reporters. Among other things, the theme of Android was raised. Google Director said that mobile phones on this platform already generate 8% of all mobile page views on the Internet, Android took second place in this indicator, second only to the iPhone. In the near future, Schmidt said, a number of important “iron announcements” related to Android will be made.
What is more interesting, in the reports we see official recognition of the fact that the staff reduction. The number of Google employees fell from 20,222 in December to 20,164 in March. Google CFO said that recruitment continues only in some specific areas.
via Techcrunch