Ad Growth Still Strong, Google Says
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Google reported a 17 percent jump in profit and a 51 percent growth in revenue in the fourth quarter, falling shy of Wall Streetâs expectations.
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Search technology and its companion ad system and network still generate most of Google's revenue according to Marissa Mayer.
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SAN FRANCISCO - Google's third-quarter revenue jumped 57%, but a hiring binge and product speculation left Wall Street wondering what the search giant wasn't revealing.
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Google beat Wall Street's expectations for its fourth quarter, ended Dec. 31, 2006, as the company continues on a tear, selling search engine advertising much faster than its biggest rivals and than the industry average.
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NEW YORK -- Internet advertising revenues jumped 40 percent in the first half of this year, driven largely by the growing popularity of keyword ads tied to search results.
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Google Inc.&#39;s already soaring stock price rocketed even higher on Thursday after reporting strong growth in its first quarter as a public company, prompting skeptics
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Web search leader Google (GOOG) Thursday posted a rise in quarterly profit that beat expectations and showed the company dodged the slowing growth trend that has hurt rivals Yahoo and eBay.
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Googleâs share of the search market keeps growing, and no one seems willing to bet that will change soon. Body:\
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Google Inc. , the No. 1 Web search company that recently went public and said it will not issue financial forecasts, expects to add 372,050 advertiser accounts by 2008, the San Francisco Chronicle reported on Wednesday.
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Google Inc.&#39;s shares surged to more than twice its initial public offering price after third-quarter profit and sales more the doubled and the company said the market for Web advertising shows no signs of slowing.
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WASHINGTON - Hugely popular internet search engine Google Inc. cautioned Thursday its current pace of revenue growth is expected to slow.
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Internet advertising is continuing to increase with the latest US figures showing the medium generated $4.6bn in the first six months of 2004 -- a 40 percent increase over the first half of 2003.
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(InfoWorld) - Google beat Wall Street's expectations for its fourth quarter, ended Dec. 31, 2006, as the company continues on a tear, selling search engine advertising much faster than its biggest rivals and than the industry average. Google generated revenue of $3.21 billion, an increase of 67 percent compared to the fourth quarter of 2005. Subtracting the commissions it pays to its advertising partners, revenue came in at $2.23 billion, topping the consensus expectation of $2.195 billion from analysts polled by Thomson Financial. Net income was $1.03 billion, or $3.29 per share, compared with $372.2 million, or $1.22 per share, in 2005's fourth quarter. On a pro forma basis, which excludes certain items, net income was $997 million, or $3.18 per share, topping analysts' expectation of $2.92 per share.
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GOOGLEâS already soaring stock price rocketed even higher after reporting strong growth in its first quarter as a public company, prompting sceptics to again caution against Googlemania getting out of control.
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Web search leader Google Inc.  GOOG.O, in its first earnings report as a publicly held  company, on Thursday posted a profit of $52.0 million in the  third quarter on strong Web search advertising.
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Internet advertising revenues jumped 40 percent in the first half of this year, driven largely by the growing popularity of keyword ads tied to search results.
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Shares of Google, the most-used Internet search engine, which went public this summer, surged 17 percent Friday after quarterly profit more than doubled and the company said the market for Internet advertising was showing no signs of slowing.