Google gets frugal and profits soar

Google gets frugal and profits soar October 17th, 2008 Fortune - October 16, 2008, 8:24 pm By Yi-Wyn Yen Meet Google 2.0. Gone are the search giant’s free-spending ways - at least for now. The prospect of a severe economic slowdown has forced Google to do something surprising: act fiscally responsible. The company toned down costly expenses like data centers and new hires and reported profits Thursday of $1.35 billion for the third quarter, up 26% from a year ago. Earnings per share were $

Original post by Finance News from Newsprinter.info

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