Google results fail to live up to expectations

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Google has released its second quarter results but there was no fanfare accompaniment to the average performance.

Despite achieving net profits of $1.8 billion (1.17 billion) and revenues of $6.82 billion up from $5.52 billion the same time last year the numbers still failed to meet analyst expectations.

The disappointment from investors led Google's shares falling four per cent in after hours trading and reduced the company's value yet again, after regular share price drops over the past few months.

However, Google's chief executive (CEO), Eric Schmidt, remained positive about the company's performance.

"Google had a strong second quarter," he said. "We saw strength in every major product area, as more and more traditional brand advertisers embraced search advertising and as large advertisers increasingly ran integrated campaigns across search, display, and mobile."

"We feel confident about our future, and plan to continue to invest aggressively in our core areas of strategic focus," concluded Schmidt.

Jennifer Scott

Jennifer Scott is a former freelance journalist and currently political reporter for Sky News. She has a varied writing history, having started her career at Dennis Publishing, working in various roles across its business technology titles, including ITPro. Jennifer has specialised in a number of areas over the years and has produced a wealth of content for ITPro, focusing largely on data storage, networking, cloud computing, and telecommunications.

Most recently Jennifer has turned her skills to the political sphere and broadcast journalism, where she has worked for the BBC as a political reporter, before moving to Sky News.