Not entirely omniscient
31 March 2017 02:23 (South Africa)

Google results bring joy to shareholders and industry alike

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

google ceo

On Friday Google brought really good news to the world when it announced its third quarter results. The numbers themselves were very impressive compared to the same period last year: revenue $5.94 billion from $5.54 billion and net income $1.64 billion, or $5.13 a share, compared with $1.29 billion, or $4.06 a share. The markets rewarded Google by promptly pushing up their stock. Much better news for the advertising industry and the economy was the Google announcement it would hire “a number of thousands of people next year” and that search advertising, Google’s main source of income, was growing again, albeit only 3% compared to last year. The price advertisers pay per click also grew on average 5% from second quarter, a sign that there is a growing demand for best spots.

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

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