Google Declared 100 company
Google finds itself in top 100
GOOGLE, the fast-growing internet search company, today gained another feather in its cap after being named one of the world's 100 largest companies.
The firm - which boasts a market capitalisation in excess of £28 billion - has leapt from 279th place to 95th in the latest version of the FT Global 500 rankings.
Firms are ranked in order of their stock market value as of June 30.
The previous rankings were compiled at the end of March.
General Electric retains first place, followed by oil giant ExxonMobil, software heavyweight Microsoft and the world's biggest financial services firm, Citigroup.
Oil group Royal Dutch/Shell leap-frogged BP into fifth.
Meanwhile, several well-known names have dropped out of the rankings. For some, such as Telecom Italia Mobile, this reflects mergers, but other companies, including advertising group WPP and Sun Microsystems, have simply seen their shares fall out of favour.
In May, Google shattered Wall Street expectations with a near six-fold surge in quarterly profits.
The California-based group - best known for its google.com website - said more consumers had clicked on its search ads, more advertisers moved to the web and company costs fell.
GOOGLE, the fast-growing internet search company, today gained another feather in its cap after being named one of the world's 100 largest companies.
The firm - which boasts a market capitalisation in excess of £28 billion - has leapt from 279th place to 95th in the latest version of the FT Global 500 rankings.
Firms are ranked in order of their stock market value as of June 30.
The previous rankings were compiled at the end of March.
General Electric retains first place, followed by oil giant ExxonMobil, software heavyweight Microsoft and the world's biggest financial services firm, Citigroup.
Oil group Royal Dutch/Shell leap-frogged BP into fifth.
Meanwhile, several well-known names have dropped out of the rankings. For some, such as Telecom Italia Mobile, this reflects mergers, but other companies, including advertising group WPP and Sun Microsystems, have simply seen their shares fall out of favour.
In May, Google shattered Wall Street expectations with a near six-fold surge in quarterly profits.
The California-based group - best known for its google.com website - said more consumers had clicked on its search ads, more advertisers moved to the web and company costs fell.
This entry was posted on July 06, 2005
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