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Baidu first quarter income up 40%

by Professional editor working for Vivitar digital camera.

Baidu (NASDAQ: BIDU) advertised on March 31 as of the unaudited fiscal report. Quote, Profile, Baidu first quarter of 2009 running wages was 810.7 million yuan, up 41.1 percent; running yield of about 198.5 million yuan, up 34.7%; returns per share 5.25 yuan.

At the matching time, Baidu in addition is looked frontwards to to ring the second quarter expansion will arrive at more than 32% -36%.

All the major Internet companies in general in the fourth quarter of 2008 than a ring down. Data show that 14 consecutive quarter of year-on-year doubling of Baidu, the first quarter of year-on-year growth rate was significantly lower than the past.

The first quarter, Baidu's income from online trading to 810.2 million yuan, an boost of 41.5%. The first quarter, Baidu has more than 185,000 customers for the provision of services in 2008 than the 14.9 per hundred boost over the identical time span, mean earnings of 4400 yuan, contrasted with 22.2 per hundred 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 search for new profit growth point. People in the industry are two of the most promising one is the original product to upgrade the system's "phoenix nest" and the other is based on the wireless network search 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 confirmed that Baidu and China Telecom, China Unicom (6.61, -0.01, -0.15%) to discuss cooperation between the news and said Baidu and China Mobile is negotiating cooperation in the field of mobile search, and he searches the market for wireless optimistic about the prospects.

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