Google and Microsoft deliver perfect financial reports

by 98ty on 2008-07-18 10:43:31

According to foreign media reports, analysts said that Google's search advertising would drive its profit to soar by 33%, and the strong PC sales would also increase Microsoft's profit by 21%.

Analysts predicted that under the strong growth of the search advertising business, Google's earnings per share in the second quarter would rise from $3.56 of the same period last year to $4.74, an increase of 33%. Data from the market analysis agency Hitwise showed that Google's share in the US Internet search market increased from 65% during the same period last year to 70% in June; Yahoo!'s share dropped from 21% of the same period last year to 20%, while Microsoft's share shrank from 8% of the same period last year to 5.5%.