Ad Growth Still Strong, Google Says

Google said it has seen no effect from a slowing economy on its advertising business, as it reported a 17 percent jump in profit and a 51 percent growth in revenue in the fourth quarter.

The result represents a slowdown in Google’s growth rate and fell shy of expectations. The company said it remained bullish about its business, regardless of the outlook for the overall economy.

“We have not seen any impact as of now,” said Eric E. Schmidt, Google’s chief executive, in an interview Thursday afternoon after the financial report was announced.

Mr. Schmidt said he had yet to see weakness in any advertising category.

Read Full Article from New York Times

- Posted: 2008-02-01 09:25:10

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