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16 Oct 2009
Signs that the economy is starting to get better have arrived with the news that Google plans to resume hiring and buying up new companies, according to reports on Bloomberg.
The web giant reported sales up 8.4 per cent to $4.38bn (£2.68bn) from a year earlier, and chief financial officer Patrick Pichette said that, with the economy improving, the company can go back to investing.
Google had slashed jobs last year and shut down underperforming businesses. The firm even cut back at the staff canteen.
However, Pichette said that Google had weathered an incredible recession. " If you have all this behind you, the only outcome you should have as management is: 'OK, let's build now.'"
Of course, shareholders will think that, if Google is coining it again, the last thing it should be doing is spending more.
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