Google sees Q3 09 revenue jump

Amidst an ongoing fight with AT&T and FCC over blocking certain calls on its voice service, Google is on the right financial track. Bucking the ongoing economic downturn, the search engine provider reported that its Q3 09 earnings actually exceeded Wall Street predictions.

During the quarter, Google's net income rose to $1.64 billion, up from $1.29 billion from Q2 2008. What's more, company sales were up by 1 percent to $1.38 billion.

"Google had a strong quarter--we saw 7 percent year-over-year revenue growth despite the tough economic conditions," Google CEO Eric Schmidt said in statement. "While there is a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and now feel confident about investing heavily in our future."

To keep the revenue engine going, Google says it will not only ramp up its online ad revenue, but also be strategic in its 'one company a month' acquisition strategy. In addition, Google expects that its acquisition of YouTube to be a revenue generator.

For more:
- VON has this article

Related articles
AT&T comes to blows with Google again
Google Voice comes under FCC scrutiny
Google: We're going to acquire one company a month
AT&T strikes out at Google Voice
Grand Central becomes Google Voice

Suggested Articles

Vodafone Business announced this week that it has launched a new resource hub to help businesses bounce back from the impact of the COVID-19 pandemic.

CenturyLink's Shaun Andrews has a contrarian view in regards to how much the pandemic fueled digital transformations.

Data center provider Stream Data Centers is leaning on Cox Business' fiber network for its new data center campus in Goodyear, Arizona.