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Friday 15 July 2011

Google's Q2 result beats market forecast with registering 36% growth

Google beats the market forecast and fairly done well in the second-quarter result. The profit is far better than the market expectations. Under new CEO Larry Page Google earned $2.5 billion in the April-June period with 36% growth against last year’s $1.84 billion. Google’s revenue increased 32% to $9 billion which is the largest revenue earning in single any quarter after 13 years.

Google also added 2452 employees in the second quarter. Google has recently launched ‘Google +’ which is growing superfast and getting positive response from billion of users around the globe.

Google has done quite well in the second quarter due to the increase of web advertisement. Now companies are ready to pay higher price rate to promote their products on the Internet's largest marketing network. Not only the average price paid per advertising click on Google's network increased 12% from last year, the clicking rate by web browsers also increased almost 18% compared to last year.

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