News this week: Earlier this week, NASDAQ-listed
Chinese-language Internet search provider, Baidu,
announced its results for the quarter ended 30th September 2012.
Revenues grew to US$995 million, an increase of 50% compared with the same
quarter in 2011. Net income attributable to the company was US$479 million, an impressive
growth of 60% over the same period last year. Diluted earnings per share in the
quarter were RMB 8.59 (US$1.37).
As of 30th September,
Baidu had about 390,000 active online marketing customers, a 28% growth from 304,000
recorded at the same time last year. Revenue per online marketing customer this
quarter was US$2,546 –
an increase of 17% compared with the third quarter of 2011.
The company’s management
is forecasting revenues in the fourth quarter to be between US$979 million and
US$1.01 billion, an increase of 38% to 42% over the fourth quarter of 2011.
Revenues in the fourth quarter of 2011 were US$711 million. The company stated
the forecast reflects its current and preliminary view, which is subject to
change.
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