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GOOG grows modestly, may help Twitter make dosh
20 April 2009
MarketingVOX
This Thursday marked Google's first reported quarterly decline in revenue since it went public in 2004.
But Google's efforts to brace for the economy — cutting costs and minimizing expenses — were also reflected in the search giant's balance sheet. Net income for Q1 of 2009 was US$1.42 billion, an 8% increase from last year, and higher than analyst expectations.
Meanwhile, revenue in Q1 rose 6% to US$5.51 billion, from US$5.2 billion the year previous. Growth was pegged at 42% in '08, and 63% in '07 — with the company continuing to outperform rivals and the online ad market at large.
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Posted on Apr 21, 2009 - 04:03 AM
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