Google Earnings ( GOOG ) Q4 2009 Unveiled
Google has managed to contradict even the most optimistic analysts when posted the fourth quarter earnings from 2009. In an impressive manner, the search giant managed to increase its revenue by 17% from last year getting $6.7 billion in revenue. Analysts said that Google will reach $6.50 per share, but the company’s non GAAP earnings stand at $6.79 per share, up 35% from last year taking it to a total $2.2 billion.
The year was closed in fashion by Google with $23.65 billion, while in 2008 they closed at $21.8 billion. Google’s net income stands at an amazing amount of $6.5 billion thanks to $4.4 billion from its websites and $2 billion from AdSense revenues, while other income came from licensing. The ad revenue from Google websites grew 16% from last year, while the AdSense revenues stand at a staggering 21% raise.
According to the Google earnings report, paid clicks increased 13% in 2009 from 2008, and 9% in Q4 2009 from Q3 2008. Google’s CPC grew from 5% (2009 from 2008) and 2% (Q409 from Q408). And to warp things up, Google ended 2009 with $24.5 billion and almost 20,000 employees. Google seems to be doing well during the recession and we can only imagine how much the company will grow in 2o10.
