Google's Q2 revenue seen rising to $5.49 billion
16 Jul 2009
Internet giant Google Inc is expected to report steady growth in revenues for the second quarter (April-June 2009) despite an advertising market meltdown and heightened competition, especially from Microsoft Inc.
Analysts' estimate Google's expected average revenue to be around $5.49 billion for the quarter against $5.37 billion during the year-earlier quarter - up about 2.3 per cent - according to a Reuters report.
Earning per share is expected to go up to $5.08, compared to $4.63 during the year earlier quarter.
Google's share of the internet search market remained unchanged at 65 per cent in June while Yahoo's market share dipped to 10.6 per cent from 20.1 per cent.
Microsoft remained at No3 slot, with its Bing increasing its market share to 8.4 per cent from 8.0 per cent.
Google's second quarter revenue, however, has been affected by the launch of Microsoft's revamped search engine, Bing.