Google holds market in terms of traffic and pricing
Search engine giant Google posted profits amounting to $10 billion and also announced that its social networking venture Google+ also recorded a population more than 40 million.
GOOGLE ACHIEVED what others believed was an strenuous task. Apart from defying Wall Street’s quarterly estimates, Google’s social networking Google+ also recorded a growth of more than 40 million, thus giving other competitors a hot chase.
For the quarter ended September Google posted a profit of $2.7billion on revenue calculated at $9.7 billion. The profits posted for the last quarter also is more than the profits as calculated by Thomson Reuters. Reuters had predicted a $2.49 billion profit on revenue of $7.2 billion. Last year, around the same time, Google earned $7.3 billion out of, which the profits were $2.2 billion.
As the news broke out, shares of Google saw a major hike to 6.5% ($595.50) during the afterhours trading.
Speaking with media after the profits were announced, Google CEO Larry Page was quoted saying by USA Today that people are flocking into Google+ at an incredible rate and we are just getting started. Larry also spoke about the company’s future plans and also emphasised about Google’s growth plans
As per a report compiled by ComScore, Google held 65 per cent of the total market traffic.
As the news broke out, shares of Google saw a major hike to 6.5% ($595.50) during the afterhours trading.
Speaking with media after the profits were announced, Google CEO Larry Page was quoted saying by USA Today that people are flocking into Google+ at an incredible rate and we are just getting started. Larry also spoke about the company’s future plans and also emphasised about Google’s growth plans
As per a report compiled by ComScore, Google held 65 per cent of the total market traffic.
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