Google reports fourth quarter financial results
January 22nd, 2010 - 5:00 am ICT by BNO NewsMOUNTAIN VIEW, CALIFORNIA (BNO NEWS) – Google on Thursday announced the financial results for the quarter and the fiscal year that ended on December 31, 2009.
Google reported a 17% over year revenue growth, with reported revenues of $6.67 billion.
“Google had a strong fourth quarter, with 17% year over year revenue growth,” said Eric Schmidt, CEO of Google. “Given that the global economy is still in the early days of recovery, this was an extraordinary end to the year. Our performance in 2009 underscored the strength of our management team, the resilience of our business model and the pace of innovation within our product and engineering teams, which continued unabated throughout the downturn.”
Among the fourth quarter financial highlights are $4.42 billion in Google Sites revenues, $2.04 billion in Google Network revenues, and an increase of 13% over the fourth quarter of 2008 and increased approximately 9% over the third quarter of 2009.
Google’s effective tax rate was 23% for the fourth quarter of 2009.
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Tags: bno, business model, ceo, december 31, downturn, effective tax rate, eric schmidt, fiscal year, global economy, google, innovation, management team, mountain view california, pace, resilience