Year-on-year revenues at Google rose 18% during Q4, reaching $5.7bn (£4.2bn), writes Telecoms.com. Revenues were also up 3% on Q3. However Q4 profits fell 68% to $382m as the firm was hit by charges totalling $1.09bn related to its investments in AOL and Clearwire. Without these charges net income would have totalled $1.62bn during the […]
Year-on-year revenues at Google rose 18% during Q4, reaching $5.7bn (£4.2bn), writes Telecoms.com. Revenues were also up 3% on Q3. However Q4 profits fell 68% to $382m as the firm was hit by charges totalling $1.09bn related to its investments in AOL and Clearwire. Without these charges net income would have totalled $1.62bn during the quarter.
Google has also announced that it is to abandon its Google Print Ads service. At its height the service included inventory in over 800 US newspapers although it failed to make a profit.
Telecoms.com: http://www.telecoms.com, 26/01/2009
Google: http://www.google.com
