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Q2: Google profits swell 24%

Juha-Matti Laurio [PersonRank 10]

Friday, July 16, 2010
14 years ago8,477 views


Juha-Matti Laurio [PersonRank 10]

14 years ago #

Quoting the referenced article:

"Google's revenues leapt 24 per cent during the second quarter, and profits rose 24 per cent as well. But that wasn't enough to satisfy the Wall Street guessmen.

Mountain View raked in $5.09bn during the quarter ending June 30, up from $4bn in last year's Q2...."

Roger Browne [PersonRank 10]

14 years ago #

Whatever Google does, Wall Street wants more. And a 24% growth rate cannot be compounded for very many years, so it's inevitably going to slow down in the future.

Heck, even 10% year-on-year growth is excellent in just about every other industry. It's just that the stock price already has some high expectations priced in to it.

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