Google’s search juggernaut: Recession resistant after all
Numbers don’t lie. And Google’s numbers are indicating that the company’s search business is holding up much better than expected amid a recession.
Google reported fourth quarter pro forma earnings of $5.10 a share on net revenue of $4.22 billion (statement, Sam Diaz’s take, Techmeme). Google did take a $1.1 billion writedown for its investments in Clearwire and AOL, but overall the quarter was solid. Wall Street was expecting earnings of $4.96 a share on revenue of $4.12 billion.
However, the big story is that Google held up surprisingly well. In fact, that banter about the company being recession resistant seems to be legit.
Read more: ZDNet.com
