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Google Searches For Better Q4

ByComputer Daily News October 20, 2014 0

Google is hoping for better results next time around after its Q3 earnings slipped due to large outlays in staff hire, acquisitions and research projects

Google posted $16.52 billion in revenue for the three months ended September 30, compared to $13.75 billion at the same time last year.

But net profit edged down to $2.81 billion from $2.97 billion in Q3 last year.

Operating expenses surged 30 percent to US$5 billion, as the Internet search giant put on nearly 3000 more employees and spent tens of millions of dollars in its quest for innovation and new markets.

The results led to a further share drop on the back of a 4 percent decline before the Q3 announcement. Google shares closed at $511.17, down 2.54 percent, on Friday.

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Google Searches For Better Q4

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