RSSGoogle Revenue Soars, Profits Double
By Ed Oswald | Published July 21, 2006, 11:20 AM
Google's revenues soared in the second quarter, helped along by strong results in its search and advertising business. The Mountain View, Calif. company reported $2.46 billion in revenue, up 77 percent from last year and nine percent from the previous quarter.
Profits also jumped from last year, with Google reporting $721 million in income versus $342.8 million in the year ago quarter. Split by type, Google-owned sites comprised 58 percent of revenues, or $1.43 billion, a 94 percent increase over last year. Network sites contributed $997 million or 41 percent, which was a 58 percent increase.
"Google grew at an impressive pace during a seasonally slower quarter," CEO Eric Schmidt said. "We continue to deliver valuable new products and services to users around the world through our partnerships and investments in our business."
As the company moves into the third quarter, it plans to hire aggressively and pursue new distribution deals, it said in a conference call with analysts. Additionally, its office space strategy is changing from leasing to buying the land that it locates its facilities on.
Executives warned that Google's aggressive spending may cut into profit margins, but the company apparently feels it is necessary in order to grow the business.
The search giant remains the top search portal by far: it accounts for over half of all web searches.
Good for Google. They deserve it since they are the best company (BY FAR) in this day and age of Microsux.
Bye
http://www.thesupernews.com
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|They are diff. and that's the secret of their sucess. I really won't be surprised if they come up with something like GOOGLE toilet paper with auto search functionality ;)
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|Call this a silly question, but...
Why the heck would you want to search your turds?
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|To see exactly what it was you ate that you made you have the runs for the past three weeks.
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|That's what I get for asking, I guess...
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|Just kiddin' with ya, man.
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|so was I...
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|all im waiting for is google toilet papper and a google linux distro :D with ice cream...yes..google ice cream :O
and then unix eats the world.
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|Google is the best!
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|How long does everyone think it'll take before it's not cool to like Google. You know, like how everyone hates Microsoft because they're too ignorent to understand corporate strategy.
Bring on the flamin' ya bunch of sissies!!!!
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|lmao...
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|I've already seen the trend beginning. We're on our way...
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|Nah, you won't get flamed, the flamers would be too blatantly standing out as blind followers then
This isn't slashdot ;)
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|But we're getting there. Just gotta keep tryin' ;)
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|http://****edgoogle.blogspot.com/
seems betanews scrambles bad words.
So here's a hint: kcuf
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|Good for Google. They deserve it since they are the best company (BY FAR) in this day and age of Microsux.
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|I'd imagine you would be quick to change your tune if you knew exactly how many Microsoft products were directly or indirectly used by you on a daily basis. You would be a lost soul without Microsoft ;)
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|And how long do you think this will last?
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|I shudder at the thought of Google keeping so much of my personal data: my personal emails, my search history, etc. They can blackmail me anytime if they want to.
Even MS doesn't have so much information about me... or you.
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|You keep telling yourself that.
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|That makes for one rich as hell Devil, eh, JD?
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|Where's ServerMechanic when you need him?
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|ServerMechanic, JD...same thing... ;)
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