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Baidu first quarter revenue up 40%
Posted at May 19th, 2009 in Business
Baidu (NASDAQ: BIDU) broadcast on March 31 as of the unaudited economic report. Quote, Profile, Baidu first quarter of 2009 functioning earnings was 810.7 million yuan, up 41.1 percent; functioning earnings of about 198.5 million yuan, up 34.7%; profits per share 5.25 yuan.
At the same time, Baidu also is expected to ring the second quarter growth will reach more than 32% -36%.
All the greatest Internet financial gatherings in general in the fourth quarter of 2008 than a ring down. Data present that 14 following quarter of year-on-year increasing two-fold of Baidu, the first quarter of year-on-year expansion rate was notably worse than the past.
The first quarter, Baidu’s profits from online selling to 810.2 million yuan, an advance of 41.5%. The first quarter, Baidu has more than 185,000 customers for the provision of services in 2008 than the 14.9 out of 100 advance over the matching interval, midpoint wages of 4400 yuan, weighed against with 22.2 out of 100 growth.
However, since the third quarter of 2008 Baidu to pay customers in a clear “problem” of offering apex customers, as well as regular elements, and macro-economic slowdown, effecting in the first quarter of their midpoint expenditure flexible chain of bonds quarter plunged by 6%, respectively, and 4%. JI Wei Dong a examiner at Morgan Stanley incisive out that Baidu quarter running margin in the first quarter diminish of 10 percentage points to 26%, emotive its least stage in two years, due in part to examine and development charges and traffic acquisition costs.
Baidu seek for new earnings development point. People in the commerce are two of the most undertaking one is the initial merchandise to improvement the system’s “phoenix nest” and the other is founded on the wireless mesh seek service.
Phoenix nest last week on-line checking, the merchandise was that Baidu will become the short-term income development and new impetus to the commerce gaze ahead to.
During the Boao Forum, Li substantiated that Baidu and China Telecom, China Unicom (6.61, -0.01, -0.15%) to consider support between the journal and said Baidu and China Mobile is negotiating support in the paddock of portable explore, and he explorations the market for wireless confident about the prospects.
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