Thursday, April 16, 2009

#13: Magazine Article

We all have heard about all the amazing perks that come with working at Google, and I am sure we have all thought more than once about trying to get a job there. We have seen a couple presentations on the company and talk about it all the time in Human Resources so I know that we students think it would be an awesome company to work for but its investors are not as impressed. The article Google's First-Quarter Earnings: Revenues Down, Profits Beat Forecasts, Investors Yawn, from BusinessWeek explains that Google has a lot to live up to. It has got to be tough to be Google right now because as the article states they have been doing so well that in order to get anyone to pay attention now they have to do something huge. A quote from the article sums this up by saying “even for Google, merely meeting expectations on the top line isn’t something that will get investors enthusiastic because it means business overall is still under pressure.” So even though the “Gross revenues came in at $5.51 billion and net revenues excluding special items were $4.07 billion, just about even with analysts’ expectations,” no one is applauding just yet. I think that with the economy the way it is its good to hear of a company still making that much money, and i would be very happy if i worked there.

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