Google posts their quarterly earnings

Google posts their quarterly earnings

US based search engine giant Google has come out with their latest quarterly earning report.

The company has managed to beat Wall Street forecasts. Google benefited from strong advertising sales on its self-branded websites.

Google stated that their fourth-quarter net income was around $382 million. This is down from $1.21 billion in the same period last year.

This fall was largely due to impairment charges on its investments in companies like AOL and Clearwire.

The revenues were however up at $5.7 billion.

The company added that they are now going to offer employees a one-for-one stock option exchange for “underwater” options. This would be an incentive for them to stay with the company.

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Google has been losing executives and employees to rival companies in the recent times. One of the major reasons said to be for this is low salaries at Google compared to competition.