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 newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags Google

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

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?