Dismiss Notice
Welcome to Our Community
Wanting to join the rest of our members? Feel free to sign up today.

Google sales growth to slow

Discussion in 'General Discussions and Lounge' started by temi, Nov 19, 2004.

  1. temi

    temi Facilitator Webmaster

    Without search engines the internet is a mess of random websites
    Google, the world's most-used internet search engine, has warned that fiercer competition is set to hit sales growth.
    The firm, which had a successful share flotation earlier this year, said its rate of growth from the second quarter to the third may not be sustainable.

    Rivals, including Microsoft and Yahoo, have said they want to challenge Google's position as market leader.

    Shares in Google dipped more than 3% in electronic trading ahead of Wall Street's open on Thursday.

    Far from over

    Last month, Google said that profits and sales more than doubled in the third quarter of 2004 on strong advertising demand.

    Net profit was $52m (£28m; 40m euros) in the three months ending 30 September, while sales surged to $805.9m from $393.9m a year earlier.

    Amazon is getting in on the search business

    The success of the Google has made it a target for rivals and with industry heavyweights and many smaller firms all touting programs that help people find files.

    Computer software giant Microsoft earlier this month unveiled its new MSN search engine, a home grown site that rolls together many of the features and customisation tools seen elsewhere on the web.

    Although only a prototype, a finished version is expected by the end of 2004, Microsoft already is making aggressive noises.

    Also looking to expand is Ask Jeeves, which has overhauled its service and mascot, as has Amazon with its A9 engine.

    Yahoo, meanwhile, has seen advertising revenues surge, helping lift earnings to record levels.

    source/full story: news.bbc.co.uk/1/hi/business/4022473.stm

Featured Resources (View All)

Share This Page