BGN Entrepreneur

Due to the economic headwinds, Google’s revenues were hit by the increasing strength of the dollar against major currencies over the past year. The US internet search giant posted its worst revenue performance in nearly five years as a public company.
Though the company was still 6% ahead of the same period in 2008, its year-on-year growth has dropped to single digits for the first time ever since its stock market launch in August 2004. The company also announced plans to cut 200 sales and marketing staff for the first time during the first three months of 2009.
However, the result of the Google beat the expectations of the analyst. While most other advertising-based businesses are struggling to weather a global slowdown, the online dominance of Google puts it in a far better position than its rivals. The company said it would go on to invest in long-term growth opportunities in spite of the market slowdown.

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