Googles Likes Colour of Aussie Money

Schmidt in Sydney

Australia is a Top 10 revenue market for Google and “makes a lot of money for us" company CEO Eric Schmidt told local media during a visit to announce a couple of deals and speak with APAC staff during their annual conference.

“We are making lots of profits in Australia and we're reinvesting those," Mr Schmidt told The Australian. He said Google's international division contributes 51% of revenue. The remainder comes from an increasingly depressed North America. "International is now the majority revenue generator and (that) will continue," he said. "Our international operations are going strong, so we will be able to weather the storm."

Google now has more than 200 employees in Australia and plans further expansion with a new regional HQ scheduled to open next year in Pyrmont, Sydney. "It will have as many good people as we can hire. They will be involved in more partnerships, more revenue, more customer service and more innovation in engineering." Search Engine Room: March 19, 2008