Baidu Presages Yandex: Revenues Grow
July 31, 2011
RedOrbit.com has posted that "Baidu Announces Second Quarter 2011 Results." Baidu is an internet search provider for the Chinese language. The search giant also provides a platform with which businesses can reach potential customers.
They seem to be doing very well for themselves this quarter. The article says that in the second quarter of 2011 the net income was “RMB1.633 billion ($252.6 million), a 95.0% increase from the corresponding period in 2010. Diluted earnings per ADS(2) for the second quarter of 2011 were RMB4.67 ($0.72); diluted earnings per ADS excluding share-based compensation expenses (non-GAAP) for the second quarter of 2011 were RMB4.77 ($0.74). "
The release added:
Jennifer Li, Baidu’s chief financial officer, told RedOrbit, "Our top and bottom line results grew strongly again this quarter, with healthy increases in overall traffic and paid click growth. We will continue to accelerate our investments in strategic areas, R&D, network infrastructure and bringing new talents on board to drive long term growth."
It is possible with its continued strong numbers and it’s spot on the global market that it may provide potential for Chinese investors and businesses looking to expand their horizons as well as their pocketbooks. Our view is that Baidu and Yandex may be well positioned to encroach on Google’s reach. Both companies have done well in their respective backyards. Now North America beckons. With relevance and other issues circling Google, these companies could implement a digital pincer maneuver.
Stephen E Arnold, July 31, 2011
Sponsored by Pandia.com, an outfit which published my new study of enterprise search and a chapter that provides some of my analysis of the Google Search Appliance.
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