Google reported it lost money in Australia last year despite a 50% increase in their revenues compared to 2009, ZDNet noted.
“The Australian division of search giant Google has filed its financial accounts with the nation’s corporate regulator stating it made a loss of $3.08 million in 2010, resulting in a payment of just $7.4 million in taxes off local revenues of $151.39 million,” ZDNet added, but noted not everyone believed in the numbers.
“Not everyone believes that Google’s disclosed finances reflect an accurate picture of the company’s local revenues, with industry figures and analysts stating over past years that they believe Google to be making something between $650 million and $1 billion. As Google is not listed on the Australian Stock Exchange, it is not required to go into a great deal of detail about its local finances.”
Interestingly the company employs 434 people and had a payroll of $111.6 million which is about $257,000 per person. So who wants to work for Google in Australia? They need help turning profitable.