The fiscal fourth quarter that ended on December 31st, 2009 witnessed Google Inc. basking in the glory and success of its accomplishments as the company surpassed the estimates given by Wall Street for its revenue and profits, even when the better part of the year was marked by global economic downturn. As compared to the fourth quarter results for the year 2008, Google’s revenue soared about 17%, touch ans astounding figure of $6.67, which is inclusive of the commissions the company pay to the advertisers.

Google’s net income for the 2009 Q4 came out to be $1.97 billion, ending the shares at $6.13 per share, compelling Eric Schmidt, (CEO, Google) to be vastly satisfied with results, considering the shambles the economy found itself with numerous companies going bankrupt and million losing jobs. In a statement, Mr. Schmidt praised Google’s staff and current business model for the success and especially gave credit to Google’s management, product and engineering teams.

For the year 2010, the company is fairly optimistic, as the search industry behemoth that makes money mainly with the help of its online advertising campaigns will be focusing more intently on the mobile, enterprise and display advertising. Furthermore, Google has also stated its intentions of acquiring one company each month in an effort to increase its technological potential, all the while aiming at staff expansion.

Via Computer World