An Interest In:
Web News this Week
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
Some of Our Sources
- The Logo Smith
- Smashing Magazine
- Creative Curio
- FanExtra - PSD
- Noupe
- Reencoded
- Specky Boy
- Freelance Switch
- The Verge
- TechPowerUp
Help Webnuz
Referal links:
July 24, 2012 12:44 am GMT
Search is going very strong in China, and leading player Baidu continues to reap the benefits. In its Q2 results, the company reported sales of 5.456 billion yuan ($858.8 million), up 59.8 percent compared to the same quarter in 2011. The company's chairman and chief exec, Robin Li, said in a statement that Baidu will "maintain momentum" going forward by investing in new technology, new talent, and more products specifically geared to mobile and cloud services. But these are long-term strategies: for all intents and purposes, just about all of Baidu's revenues today are coming from online advertising and other online marketing activities: these accounted for RMB5.452 billion ($858.1 million) in sales, the company said.Operating profit was up by 51.5 percent to 2.815 billion yuan ($443.1 million), with net income also up by a healthy 69.6 percent to 2.770 billion yuan ($436.0 million). Diluted earnings per share were 7.86 yuan ($1.24). Both the EPS and revenues comfortably beat analyst expectations.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Fp8ZZRZXae4/
Baidu Q2 Sales Up 60% To $859M; Search Giant Keeps Focus On Mobile, Cloud Ahead
Search is going very strong in China, and leading player Baidu continues to reap the benefits. In its Q2 results, the company reported sales of 5.456 billion yuan ($858.8 million), up 59.8 percent compared to the same quarter in 2011. The company's chairman and chief exec, Robin Li, said in a statement that Baidu will "maintain momentum" going forward by investing in new technology, new talent, and more products specifically geared to mobile and cloud services. But these are long-term strategies: for all intents and purposes, just about all of Baidu's revenues today are coming from online advertising and other online marketing activities: these accounted for RMB5.452 billion ($858.1 million) in sales, the company said.Operating profit was up by 51.5 percent to 2.815 billion yuan ($443.1 million), with net income also up by a healthy 69.6 percent to 2.770 billion yuan ($436.0 million). Diluted earnings per share were 7.86 yuan ($1.24). Both the EPS and revenues comfortably beat analyst expectations.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Fp8ZZRZXae4/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch