Google reported revenues of $6.67 billion for the quarter ended December 31, 2009

Google reported revenues of $6.67 billion for the quarter ended December 31, 2009

“Google had a strong fourth quarter, with 17% year over year revenue growth,” said Eric Schmidt, CEO of Google. “Given that the global economy is still in the early days of recovery, this was an extraordinary end to the year. Our performance in 2009 underscored the strength of our management team, the resilience of our business model and the pace of innovation within our product and engineering teams, which continued unabated throughout the downturn. As we enter 2010, we remain hugely optimistic about the internet and are continuing to invest heavily in technological innovation for the benefit not only of our users and customers, but also the wider web.”

http://investor.google.com/releases/2009Q4_google_earnings.html

ON CHINA:
Eric mentioned that the China issue has been covered well in the press, so he just summarized 3 separate facts
1. The Cyber attack on google which probably eminated from China, but whose true origins are unknown. He did assure that Google has made changes to prevent attacks.

2. Discovered monitoring of human rights activists.

3. The made a decision for these and other reasons, to no longer willing to apply censorship rules in China. As of today business of China is unchanged. They continue to follow the laws, but within a short time, they will make changes there.
Eric Schmidt assured that they do wish to remain in China, that they like Chinese people and their employees there, but that they want to do business on different terms. He reassured that they are quite committed on staying there.