Google Reports a Strong 8% Growth Q/Q – Stocks Trading at 3% Higher (After Market)

Google just announced its earnings beating the analysts’ expectations. Google reported $5.94 billion in earning for Q3 which shows an 8% growth Q/Q and 7% Y/Y.

Early this month Google had already started hiring in several locations including its centers in India and California. This was a clear indication of a strong quarter and powerful earnings.

The call simply echoed the optimism towards the future and emphasized the fact that the hardest part of the recession was over.

In Eric’s words “We’re going to continue to invest in long-term growth,” he said. “We’re going to invest in people. We’re already stepping up our hiring.” This is a clear indication that Google putting recession in its past and moving forward achieve new goals.

Google stock fell 1% towards the closing bell and rose 3.2% at $547 so far after the earnings were announced.

Click here to download the earnings presentation and here for the press release

Tags: Google, Google's Revenue Report, Googles Q3 2009 Earnings

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