Google reported revenues of $5.54 billion for the quarter ended September 30, 2008

This represents a 31% increase in revenues year on year and a 3% increase quarter on quarter, so although the rate of growth is slowing Google is proving more resilient than Wall Street analysts predicted.

Google Quarterly Revenues

Google’s results are a litmus test of online resilience and many felt that they would fail to deliver in the current climate. Google’s chief executive Eric E Schmidt said that Google are very realistic about the economic climate but are optimistic about Google’s future and are poised to continue to do relatively well despite the unpredictable nature of the environment. He credited the good results on an increasing acceptance of an advertising system that is better and more measurable than other forms of advertising.

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