Google grows revenue and profit in Q4

The company caps a year in which it did well financially despite the world's economic crisis

Google's revenue and profits grew in the fourth quarter, which ended Dec. 31, 2009, and exceeded Wall Street's expectations, capping a year in which the search company did well despite the global economic turmoil.

Google had revenue of $US6.67 billion, up 17 percent compared to the fourth quarter of 2008. Subtracting the commissions Google pays to its ad-network partners, revenue was $US4.95 billion, topping the $US4.92 billion analyst consensus expectation.

Net income came in at $US1.97 billion, or $US6.13 per share, compared to $US382 million, or $US1.21 per share compared to the same period last year. On a pro forma basis, which excludes certain one-time items, net income was $US2.19 billion, or $US6.79 per share, compared to $US1.62 billion, or $US5.10 per share, in the fourth quarter of 2008. Analyst consensus had been for earnings per share of $US6.50 on a pro forma basis.

"Our performance in 2009 underscored the strength of our management team, the resilience of our business model and the pace of innovation within our product and engineering teams, which continued unabated throughout the downturn," said Google CEO Eric Schmidt in a statement.

Google-owned sites generated 66 percent of the total revenue, while ad-network partner sites generated the rest.

Paid clicks, which are ads on which users clicked, thus generating a fee for Google, increased 13 percent compared with 2008's fourth quarter. The average value of clicks rose 5 percent.

Google ended 2009 with $US24.5 billion in cash, cash equivalents and short-term marketable securities, and a staff of 19,835 full-time employees, 170 more than in 2009's third quarter.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags Google

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Juan Carlos Perez

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?