IoT
Software // Enterprise Applications
News
1/31/2007
04:56 PM
50%
50%

Google Profits Nearly Triple In Fourth Quarter

Partner sites through Google's AdSense programs contributed $1.2 billion to the search engine's coffers.

Google on Wednesday reported that profits nearly tripled in the fourth quarter, as online ad revenue soared.

The Mountain View, Calif., company its said net income in the quarter ending Dec. 31 surged to $1.03 billion, or $3.29 a share, from $372.2 million, or $1.22 a share, during the same period a year ago. Revenues rose by 67% to $3.21 billion from $1.92 billion.

Analysts polled by Thompson Financial prior to the filing expected the online search engine to report earnings of $2.90 per share.

"Our impressive performance in the fourth quarter demonstrates the continuing strength of our business model across Google properties and those of our partners," Eric Schmidt, chief executive of Google, said in a statement. "Our growing organization allows us to deliver ever increasing amounts of information and content to our users both through investments in search and ads as well as through strategic partnerships."

Google-owned sites generated revenues of $1.98 billion, an 80% increase over the same quarter a year ago. Partner sites through Google's AdSense programs contributed $1.2 billion, or 50% more than a year ago.

Schmidt also noted that in 2007, Google expects to, "continue to make significant capital expenditures."

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Building A Mobile Business Mindset
Building A Mobile Business Mindset
Among 688 respondents, 46% have deployed mobile apps, with an additional 24% planning to in the next year. Soon all apps will look like mobile apps – and it's past time for those with no plans to get cracking.
Register for InformationWeek Newsletters
White Papers
Current Issue
Top IT Trends to Watch in Financial Services
IT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of July 17, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.