Marketing and Technology News

Google (NSDQ: GOOG) beat analysts expectations Thursday, posting an increase in net revenue of 4.5 percent and net income growth of 18 percent. The figures may back up reports from earlier this week that the search advertising market has largely stabilized, especially considering that the average cost-per-click was up compared to the first quarter. In a statement, Google CEO Eric Schmidt said, “These results highlight the enduring strength of our business model and our responsible efforts to manage expenses in a way that puts us in a good position for the economic upturn, when it occurs.” Nevertheless, Google’s revenue growth continues to slow. Last quarter, Google posted a 10 percent increase in net revenue

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Source: Paid Content

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