You would think that Google would be ecstatic with a 16%
increase in profits over the last 12 months, particularly in the grip of an
economic recession. Well apparently not, finance analysts for the technology
giant are bemoaning a shortfall in profits despite making $9.7 billion (£6.4
billion).
Write House founder and copywriter, Daniel Waldron,
comments: “Well it’s just staggering there are companies that would give anything
to still be in existence, to bemoan profits of $9.4 billion signifies one thing
only, greed.”
Microsoft followed suit, bemoaning its own shortfall in
profits despite raking in $4.5 billion during the second quarter.
Write House understands that both companies have experienced
a fall in share value of about 4% as a result of the profit announcements.
Despite Google’s profits experiencing a 16% increase, the
company was disappointed to miss out on predicted profits forecast by analysts.
The catalyst behind Google’s profits – advertising revenue -
was also up by 15%.
In a statement from Google Chief Executive, Larry Page, he
said: “As we adapt to mobile advertising our bottom line as suffered a hit.”
In an official statement from Write House founder and copywriter, Daniel Waldron, he said: “The opportunity to make billions does not present
itself to everyone and I think it’s a little short-sighted of two globally
recognised companies to publicly moan about a shortfall in ‘profits’ when
just $1 billion of that money could solve a number of the world’s issues, in my
opinion it’s disgraceful.”
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