Google's UK revenues fall 9% as recession hits
LONDON - Google's UK revenues for the first quarter of 2009 have slumped by 9% year-on-year, totalling $733m compared to $803m for the first three months of 2008.
In the first three months of 2009, Google's UK sales made up 13% of its total revenue compared to 15% in the first quarter of 2008.
Eric Schmidt, CEO of Google, said the search giant had ‘a good quarter given the depth of the recession'.
Overall revenues were $5.5bn, up 6% year-on-year but down slightly from the previous three months.
Net income for the first quarter of 2009 was $1.42bn, compared to $382 million in the fourth quarter of 2008.
Google-owned sites generated revenues of $3.70bn, a 9% increase over first quarter 2008 revenues of $3.40bn.
Google's network partner sites generated revenues, through AdSense programmes, of $1.64bn, a 3% decrease from first quarter 2008 network revenues of $1.69bn.
Meanwhile, Nikesh Arora, formerly president of International Operations has seen his role expanded to become president of global sales operations and business development, replacing Omid Kordestani who has become an adviser to the CEO. Arora will have responsibility for all Google's revenue and customer operations, as well as marketing and partnerships.
This article was first published on marketingmagazine.co.uk
Latest jobs Jobs web feed
- Business Development Executive Bullfrog Digital LTD Up to £30k + Commission and benifits, Shoreditch
- Head of Strategy, Insight & External Relations London & Partners COMPETITIVE + PRP + BENEFITS, London Bridge
- Senior Account Manager Hot Cow Between £32,000 - £35,000 with discretionary bonuses., Near Chiswick Business Park, a fun and vibrant location to work with events, a lake and bars.
- Project Manager - Integrated / Digital - Superb London Agency Fill Recruitment Ltd £40k - £50k plus bonus and superb benefits!, Central London
- Project Manager AF Selection £25,000 - £28,000, Manchester
- Managing Partner / Client Services Director David Thatcher Recruitment £80-95k, Bristol