Google Rises Over Profit, Revenue Estimates

For the last quarter of 2008, Google followed the example of Apple and IBM, not Microsoft and Intel, reporting financial results above financial estimates amid a grim economic environment. “Google performed well in the fourth quarter, despite an increasingly difficult economic environment. Search query growth was strong, revenues were up in most verticals, and we successfully contained costs,” Chief Executive Eric Schmidt said in a statement. “It’s unclear how long the global downturn will last, but our focus remains on the long term, and we’ll continue to invest in Google’s core search and ads business as well as in strategic growth areas such as display, mobile, and enterprise.”