Google just came clean with their Q2 revenue numbers, and they look just about as good as everyone expected. Google brought in $6.82 billion in the second quarter. This is a 24% increase over last year at this time, but only a 1% increase over last quarter.
The vast majority of the mountain of cash came in from Google-owned sites. In all that chunk was $4.5 billion, or 66% of the total. AdSense programs brought in an additional $2.06 billion. Google is clearly not hurting for money right now, though it is interesting that the quarter to quarter growth this year has been minimal.
While revenue did beat expectations, actual profit was lower due to the cost per click on Google ads increasing only 4%. Google's stock price has dipped 18.5% in the last few months, and took another 4% hit in after-hours trading.
SAP this week reported a 9 percent year-on-year drop in revenue for the fourth quarter of 2009, which led to the company's income dropping 12 percent from its record high one year ago.
"Q4 2008 was a record quarter, the best in the history of the business. That's the main reason for the decline," said CEO Léo Apotheker in a webcast news conference.
Software revenue was also down, dropping 15 percent, while software and software and software related services fell by 4 percent. But it wasn't all bad news for SAP. The company reported its support revenue rose 7 percent year-on-year.
Going forward, Apotherker said he expects SAP to return to top-line growth, though admitted "the market continues to be challenging and uncertainty among customers still exists."
Logitech’s income has dropped significantly from $133.6 million to $40.5 million over the course of Q3 last year to Q1 this year.
It hasn’t yet been reported on what exactly has caused the gigantic drop in value for the company, but it is expected that the struggling economy has a lot to do with it. Because of this, they will be cutting much of their spending on researching and developing the higher end products.
“We already made some decisions to trim some products that were interesting, but maybe more high end,” stated Jerry Quindelen, Logiech’s CEO. Products that “aren’t perfect for this timeframe and set of conditions” will most likely be delayed.
Their layoff plans hope to save them $50 million this year, and will come to the tune of around 500 jobs.