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Google and Microsoft financial results

Alex Christie

22 July 2008

While world economies are under enormous strain, Google and Microsoft have released their financial
results for the second quarter of 2008 showing significant increases in
revenue.

Google revenue rose by 39% to $5.37 billion while net income was up by 35% to $1.25 billion. However it seems that the search engine giants have not completely escaped the negative economic climate as
analysts forecast much higher returns.

Google’s CEO called the results satisfactory and vowed to continue to dominate and innovate in years ahead.
Microsoft on the other hand, showed revenue of $60.42
billion which equates to a 18% improvement on the last year. They too promised
to strive for better financial results and made mention of their broad range of
products and innovations to get them to their targets.

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