Is Google a model internet company — or an anomaly?
“This decade’s most remarkable business story has been the rise of Google from the dot-com ashes. The company didn’t even exist 10 years ago — it was incorporated by its founders, Stanford University graduate students Larry Page and Sergey Brin, on September 7, 1998 — but it is today a juggernaut that is as feared as it is admired. The company’s growth has been dizzying, its revenues shooting up from less than US$500 million in 2002 to more than $10.5 billion in 2006. And despite a prolonged hiring binge, an aggressive acquisition program, and a multibillion-dollar investment in building data centers, Google remains robustly profitable, earning a net income of $2 billion on $7.5 billion of sales through the first half of 2007. Since the company’s initial public offering in August 2004, its stock price has risen fivefold.”
Read more at strategy-business.com
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