Google Stumbles?
Friday, July 27th, 2007Or that’s what Wall Street seems to think when you report second quarter net profits of a paltry $925 Million on revenue of just $3.87 Billion. Revenue was up 58% from a year ago, profits up 28%, as they invested massively in infrastructure and expanded their workforce to 13,500 people, adding over 1,500 people in a single quarter.
Oh yeah, and just in case times get tough, they are sitting on a cool $12.5 Billion in cash.
Seems like a pretty darn good quarter to me, but Wall Street analysts are strange beasts.
