As we reported earlier, Google released its earnings yesterday.
According to the earning report it seems not that International markets now account for more than half Google’s business.
According to Google:
“””Revenues from outside of the United States totaled $2.80 billion, representing 52% of total revenues in the second quarter of 2008, compared to 48% in the second quarter of 2007 and 51% in the first quarter of 2008.”””””
Moreover the exchange rates which has moved against the dollar has helped Google’s bottom line in a substantial way:
“”””Had foreign exchange rates remained constant from the first quarter of 2008 through the second quarter of 2008, our revenues in the second quarter of 2008 would have been $88 million lower. Had foreign exchange rates remained constant from the second quarter of 2007 through the second quarter of 2008, our revenues in the second quarter of 2008 would have been $249 million lower.””””
More than 1/2 of Google’s revenue comes from outside of the US.
Does anyone still think we don’t live in a Global Economy.
You are SPOT On with your post – google is a Global Company and they win either way if the US dollar is strong against other world curr. or the other way around.
Nice One
I am just waiting for the time when Google starts to pay more for ads served to visitors outside the US. They make more from abroad, yet they usually pay less abroad too. Room to grow outside the US, that’s one way to look at it 🙂