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Losses in the german seo company

Yesterday I finally had a free evening and I decided to spend it at home with a newspaper and a nice cup of tea. I read an article in one of the financial newspapers about the famous German seo company. I am much interested in IT industry and especially search engine optimization so the fact that this famous german seo company has recorded losses surprised me a lot. I guess crisis has hit all. Additionally, Strong competition in this sector created serious trouble. As many as 40 percent of the profit of this german Seo company fell in the second quarter. This year the company earned only 227 million euro, last year - 380 million euro. Revenue rose by 1 percent, to 10 billion euro. Weaker profits of the german seo company is a result of fierce competition, among others with two other companies, which entered the market. Just like every company this famous german seo company also have to concentrate more on marketing and their customers. They will look for cheaper services but with the same standard and the same quality. I hope next year will appear better and the company will be able to make up for their losses. Or maybe I am too optimistic.