News

Regular news from the marketing, advertising and internet industries, covering stories that affect how you market your business

If you have a newsreader application, you can subscribe to our RSS format newsfeed to capture the headlines:

We also publish a monthly newsletter, keeping you up to date with news from the industry. You can join our free monthly newsletter subscribers; just follow the link below to go to our sign-up page. You can unsubscribe at any time.

Our latest articles…

Google pledges on revenue growth

Sunday, March 12, 2006

Google chief executive Eric Schmidt has reiterated the firm's belief that it will continue to enjoy strong increases in its revenues.
He was speaking two days after his chief finance officer George Reyes warned revenues were slowing, prompting a 10% dip in the share price.

Mr Schmidt said the firm would continue to expand outside its core internet business into other media sectors.

In January Google bought US radio ads firm dMarc Broadcasting.

High ambitions

Mr Schmidt told analysts on Thursday that the ultimate aim was for Google to become "a global $100bn (£57bn) company".

Although Mr Schmidt declined to clarify whether the $100bn figure was in regard to Google's market capitalisation (the combined value of all its shares), or its revenues, its market capitalisation already exceeds this figure at $110bn.

Yet for Google's annual revenues to top $100bn will require both significant growth and time - its 2005 revenues were $6.14bn.

Article kindly provided by BBC News.


Permanent link for this article