Comments on: Google revenue climbs, meets expectations

In what could be a positive sign for online ads, company posts positive quarterly financial results, saying ad sales were recovering while it managed expenses during the economic downturn.

[MaggieRed]

Seems a bit contrary to this story just posted:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aAfStfOQoeQ8

[drezjohnson]

I think this is just a case of two different media outlets putting complete opposite spins on this story. Bloomberg seems to put a damper on the fact that the company has actually experienced growth in revenue. Sure a 3 percent growth rate is not an eye catcher, but given the state of the U.S. and the world economy in general, I think any growth is a positive and not the "Google is in trouble" spin that Bloomberg manages to put on the article. Cutting back on expenses and cutting a whopping 1% of their workforce seems like a responsible attempt to be more efficient and actually plan for the future. Personally, what I took from the Bloomberg article is that here we have a company that isn't arrogant enough to think that they can continue to be inefficient just because they are still growing. The are planning for the times and I commend them for now waiting until they are in the red before attempting to do so.

[FutureGuy]

@drezjohnson if anyone would spin this story it would be CNet, I don't think there are too many fanboys at Bloomberg. Moreover if this was great results it the share price would go down 3% after already been beaten badly in the last few months (the market as a whole went up a little over 1%) So it does appear its CNet and you trying to spin it.

[renGek]

If you read quarterly report reviews as often as I have you will know that basically these writers never agree with each other. Sometimes it seems one goes out of their way to contradict the other. It makes no sense and you are not suppose to take any one article at face value and get the whole picture. I don't find either of these articles as well written in terms of financial content as the associated press's take.
http://finance.yahoo.com/news/Googles-slowing-ad-sales-apf-1154268564.html?x=0&.v=3

[monkeyfun14]

Well TBH Google Chrome probably helped them a bit.

[jessiethe3rd]

Not particularly true - Bloomberg and various other sources are reporting this isn't all rosey as Google looks to ways to cut OpEx (operational expenses) to couteract it's slowing ad revenue business. I wouldn't call this all beautiful.

Some facts:
This represents only 3% growth - investors are not happy sending the stock down 3.4%
2/3rds of Google's business came from ad revenue (no diversity at all)
Google cut 80% of its CapEx projects to shore up the poor performance
Google cut 200 jobs in sales to help bolster their high OpEx

[InScotts]

Why would Elinor Mills, whom covers "Internet security and Privacy...for CNET since 2005", be covering financial reporting??

Anyhow, this story is a big nothing as Elinor has basically regurgitated what the financial press has covered.