Google Doubles Profits
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Google&#39;s first quarterly earnings statement since its recent IPO rewarded investors with the news that the company has doubled its profits in the past year.
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Web search leader Google Inc. , in its first earnings report as a publicly held company, on Thursday posted quarterly net income and revenue that more than doubled on strong Web search advertising.
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Google continues to grow revenue at a healthy clip, reporting an increase of almost 60 percent in the third quarter compared to the same period last year.Third-quarter revenue for the search giant reached $4.23 billion, up 57 percent over the same quarter last year.Net income for the quarter that ended Sept. 30 was $1.07 billion using generally accepted accounting principles (GAAP), compared to $733 million in the same quarter last year. On a non-GAAP basis, net income reached $1.24 billion in the third quarterEarnings per share on a non-GAAP basis were $3.91, beating analysts consensus as polled by First Call, which was $3.78.Google&#39;s core search advertising business, as well as expansion of services into international markets, drove growth, Google said. Revenue from outside of the United States was $2.03 billion, representing 48 percent of revenue in the quarter. That compares with 44 percent of revenue coming from international markets in the same quarter last year.
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The owner of the world&#39;s second most used internet search engine posted net income of $253.3m (Â£141m) or 17 cents a share, including a gain related to the sale of a portion of its stake in Google.
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Google again posted record earnings yesterday as the company continues to gobble up search and online advertising market share.
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Internet search engine Google thanks strong advertising sales for a target-beating rise in both turnover and profits.
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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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INTERNET media bellwether Yahoo&#39;s third-quarter earnings more than tripled, helped by profit booked from the sale of Google shares into the search engine&#39;s recent flotation and stronger advertising revenues.
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Google Inc. yesterday reported that profit skyrocketed more than sevenfold in the fourth quarter, a jump executives attributed to various factors, including higher prices paid for ads and a larger amount of Internet advertising from the 1,000 biggest U.S. companies.
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Google Inc. yesterday reported that sales and profit more than doubled in the third quarter -- despite a one-time expense of more than $200 million -- as the company issued its first quarterly financial report since going public.
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Google Making Nearly $.10 on Every Search Query  John Battelle's Search Blog picked this up the other day from a blogger who dissected Google's public revenue records to come to the conclusion that Google earns about $.09 per every search query - a hefty return. With the average cost per click ...
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Internet search engine Google Inc said its net profit and sales more than doubled in the third quarter, spurring a spectacular jump in its share price.
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Shares of Google Inc., the Internet search engine that first sold stock to the public in August, surged 15 percent after profit more than doubled, and the company said online advertising sales show no signs of slowing.
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Despite some market concerns over Google&#39;s growth potential in a slowing economy, the search giant continues to report strong growth, with fourth-quarter revenue up 51 percent over the same period the year before.Google reported revenue of $4.83 billion for the quarter ending Dec. 31 using GAAP (generally accepted accounting principles). Net income for the period was $1.21 billion, compared to $1.01 billion in the third quarter of 2007.With earnings per share of $4.43, Google just missed analyst consensus of $4.44 on a non-GAAP basis, as polled by First Call.Google continues to increase revenue from outside the United States, reporting that 48 percent of total revenue in the quarter came from international markets. That&#39;s up from 44 percent in the same period a year earlier but the same as the third-quarter 2007.In a statement, Google&#39;s CEO Eric Schmidt said that the report reflects strong momentum in the company&#39;s core business as well as a growing receptivity to its new businesses.
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NEW YORK/SAN FRANCISCO  - Shares of Google Inc.  rose as much as 20 percent on Friday, to trade at more than  twice the level of its cut-price IPO, after the Web search  leader posted strong quarterly results in its first reported  quarter as a public company.
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Google reported a sharp rise in both sales and profit, driven by blockbuster growth of its search-driven advertising business.
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Internet portal Yahoo reveals profits more than tripled to $253m, boosted by a jump in online advertising and soaring sales.