Better Economic Days Ahead
Thursday, October 15, 2009
By Tessa Leone
If Google's profits are any representation of our economy then we truly may be out of the recession. Google's quarterly revenue displays a strong increase in profit. It is 7% higher than last years, a number that exceeded expectations.
The revenue from the adds placed on Google also increased in the last Fiscal year.
"While there's obviously a lot of uncertainty about the pace of the economic recovery, we believe the worst of the recession is behind us", said Eric Shmidt, a Google CEO.
The growth in profit may have been related to the decrease in employee headcount but Google advertisers also reported a signifigant increase in overall numbers from last year.
If Google is improving I wonder what businesses will follow suit.
Photo Credited to Google