Google beating the economic turndown

Google beating the economic turndown

Looks like Google is having a great quarter. According this report on the BBC, Q2 for 2009 has been much better than they anticipated, regardless of the fact that the rest of the economy is suffering. Here’s a snippet of the news article:

The firm saw net income reach $1.48bn (£900m) in the three months to 30 June, compared to $1.25bn a year before.

Revenue rose 3% for the period at $5.52bn and just over half – 53% – came from outside the US.

Analysts reacted broadly positively to the results, noting that the firm had performed well in containing costs.

The firm was upbeat about the results “especially given the continued macro-economic downturn”.

Chief executive Eric Schmidt said: “These results highlight the enduring strength of our business model and our responsible efforts to manage expenses.”

It’s nice to see some companies are actually doing well in this economy. A number of companies haven’t made it, and a bunch of others look like they’ve taken a crash course of ephedra, they’re becoming so lean and mean. But Google is going well, and I’m sure a number of technology firms are doing well also.

How is your firm doing?

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