Baidu first quarter revenue up 40%

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 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 tendering peak customers, as well as cyclic components, and macro-economic slowdown, producing in the first quarter of their mean expenditure string of connections quarter dropped by 6%, respectively, and 4%. JI Wei Dong a investigator at Morgan Stanley sharp out that Baidu quarter functioning margin in the first quarter decline of 10 percentage points to 26%, moving its smallest grade in two years, due in part to study 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 investigating, the wares was that Baidu will become the short-term profits expansion and new impetus to the development view frontwards 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.