Google posts quarterly drop in profits October 17, 2014 - 19:11 AMT PanARMENIAN.Net - Google has reported a dip in profits during its third-quarter earnings call, Digital Spy said. The internet giant raked in $2.8 billion during the period in question, down 5% from the same period last year. Revenue increased by 20% to $16.52 billion in the three months ending September 30, but this figure was shy of analysts' estimates. The downturn was attributed to a rise in real estate and hardware inventory costs, but Google is confident that gains in its advertising business will rectify the situation. "We continue to be excited about the growth in our advertising and emerging businesses," said Google chief financial officer Patrick Pichette. Google will also be hoping that the release of its new Nexus 6 smartphone and Nexus 9 tablet will help claw back the hardware inventory deficit.  Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Erdogan wants “realistic road map” for relations with Armenia  Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia.Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements.Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of ArmeniaHenrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |
