Archive for July 21st, 2005

July 21

Google says profit quadrupled

Posted by Elliot
Filed under Google | 25 Comments

Today Google announced that quarterly profit more than quadrupled, thanks to growth in search advertising. However, shares fell 5% as revenue failed to match high expectations and the company said summer doldrums were hurting business.
CEO Eric Schmidt said that the current quarter may not see the same 15% sequential revenue gain Google posted last year, [...]