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Google Announces Their Third Quarter Earnings

Alex Christie

20 October 2008

It doesn’t seem like Google were too affected by the recent credit crunch judging by their third quarter earnings. Google reported an increase of 31% in their revenue compared to last year’s third quarter.

According to Eric Schmidt, the CEO of Google "We had a good third quarter with strong traffic and revenue growth across all of our major geographies thanks to the underlying strength of our core search and ads business. The measurability and ROI of search-based advertising remain key assets for Google, While we are realistic about the poor state of the global economy, we will continue to manage Google for the long term, driving improvements to search and ads, while also investing in future growth areas such as enterprise, mobile, and display."

It’s good to see that the IT sector is not too affected by the Credit Crunch.

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