Google fails to match market expectations

Google has come out with their latest revenue report and the search engine giant has failed to meet the market expectations.

Company’s earnings and revenue growth apparently slowed down at a faster pace and market fears that they might be suffering due to the slowing down American economy.

Google posted earnings of $1.21 billion which is a 17% improvement from the same period in the previous year.

Incidentally, this is the first time they have failed to grow above 25% in a quarter since they launched their IPO in the market.

Google Chief Executive Eric Schmidt however said on this report: “I am happy to say we have not seen a negative impact from the rumors of a future recession.”

Company co-founder Sergey Brin added: “I’m very happy with things. I think things are going really well.”

Popularity: 7%