Current financial information found at:
So far for 2011, Google's revenue growth is up 27% in Quarter 1 and 32% in Quarter 2. In 2010, they were only up 24%, and in 2009, the revenue growth rate was only 9%. So in the past 3 years, Google profits have been on the rise.
Future predictions for Google were a little harder to come by suprisingly. According to the Huffington Post, Facebook is going to surpass Google and Yahoo in 2011 and 2012 with advertising profits, which is Google's main source of income. As second Quarter earnings were reported, Wall Street's predictions of a drop off were put to bed. Another Wall Street prediction since the acquisition of Motorola and Android in August, they now predict that what they will lose in advertising revenue, they will more than make up for in their new purchase. As for specific numbers, I couldn't come up with those. I am interested to see if anyone else found it and where!
Nice job on this assignment. I like all the detail you were able to gather and the way you included some analysis. Why do you think Google is making so much more money this year? And why is Google scared to death of Facebook?
ReplyDeleteI think smaller businesses are trying to come up with ways to advertise and in my job now, we always tell people how important it is for them to be at the top of the Google search pages. I think they are a trusted name so people don't mind putting their money with them. I think they are terrified of Facebook for good reason. I actually sell professionally designed Facebook pages wich are taking over for normal webpages and they are offereing more and more in the way of advertising, especially for small businesses. I think they have great reason to be nervous and I think thats where Google+ is coming from.
ReplyDeleteNice response. Facebook is certainly the elephant in the room when it comes to e-commerce and they haven't even really jumped in yet!
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