Google shrugs off slowing economy

[Matt]

What recession?



The online search engine defied economic worries, with a 26% rise in profits, sending its shares soaring 7% in after-hours trading.

Google earned $1.35bn (£778m) in the third quarter of 2008, easily beating analysts' expectations.

The firm said its earnings had grown strongly thanks to its core businesses.

Google's quarterly revenue, including commissions to affiliated advertisers, rose 31% to $5.54bn.

[Sreedhar]

This is indeed a good news. When there is a proper plan in place and the focus is right, I guess things always move forward.

[DJ]

Yup. And I understand it. Google is on top of the world still in terms of being the place people go for search.

We posted a good blog about this the other day. Google is the new Yellow Pages. I wouldnt expect the recession to effect them much.

http://risetothetop.techwyse.com/intern ... -downturn/