The results of second-quarter are out for Google and the stats looked very impressive. However, the figures were just short of the expectations of Wall Street people and as a result the shares of the company suffered some fall. The company is likely to continue its strong dominance in Internet search market for the time being at least.
On a year to year basis, the company earned 24% more in April-June 2010 compared to the same period in 2009. However, the Wall Street had some higher expectations and as a result, it did not help the share price.
The main problem of Google in the last few months has been rising expense in
Europe. Some European countries like are suffering from economic downturn and this problem is going to continue. Google has very strong presence in the European market and nearly one-third of its revenue originates from there at the moment. Greece
Google managed to add some new employees in the last quarter. The company has been continuously doing when it comes to keeping its very high market share in the search market. However, Google has been finding it very difficult to emulate the same kind of success in other areas.
Another problem that the company needs to address is its ongoing battle with Chinese government.
has the largest number of Internet users in the world. It also has the largest number of mobile phone users. This is a market that Google simply cannot afford to lose if it wants to remain as the number one Internet based company in the world. China
For the moments, things look great for Google and it will be not be surprising if the company can post impressive figures for the 3rd-quarter results of 2010 just after 3 months.