Qualified advisers answering your
Financial Questions
call 0800 092 1245

Google announces better-than-expected results

Against a backdrop of the worst worldwide recession in decades, search engine giant Google managed to announce net income for the quarter ended 30 June of $1.48 billion which is up 19% on the corresponding period last year. Despite the challenging trading conditions for all businesses around the world it seems that Google continues to go from strength to strength and is seemingly battling against the worldwide recession and continuing to grow.

However, ultimately Google is an online reflection of the wider worldwide economy and the fact that net income is still rising would suggest that the economy is perhaps more buoyant than many had thought. Google is just one of a raft of technology companies set to announce second-quarter figures over the next few weeks and if we see better-than-expected figures from the likes of Intel and IBM then perhaps we may see more confidence returning to the US and worldwide stock markets.

Even though many people see Google as a one-off company, which to some extent it is, it is influenced in some way by the worldwide economy and the move to the online arena. These figures were around 5% better than analysts had forecast which in the current environment is a significant improvement. It will be interesting to see how the online arena recovers in comparison to the off-line arena and whether the crossover between the two, which saw more people grab online bargains during the recession, continues into the future.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details