Google continues to grow unabated
In the first quarter of 2007, Google increased its turnover by 62.7 percent from 2.25 to 3.66 billion US dollars. The search engine giant generated 1.13 billion dollars via its partners. The search engine giant's net profit rose by 69 percent year-on-year to one billion dollars in the period under review.
In the first quarter of 2007, Google increased its turnover by 62.7 percent from 2.25 to 3.66 billion US dollars. The search engine giant generated 1.13 billion dollars via its partners. The search engine giant's net profit rose by 69 percent year-on-year to one billion dollars in the period under review.
Online advertising remained the most important source of revenue with a 62 percent share of sales, which corresponds to an increase of 76 percent. With these figures, Google has clearly exceeded analysts' expectations, with Google's profits reaching a point beyond what most thought possible, experts from Capital Management told Kress.de. Moreover, the growth was "phenomenal solid growth". The stock markets reacted accordingly positively: in after-hours trading, Google shares gained 3.3 percent and rose to just under 487 dollars. Rival Yahoo had previously disappointed investors with weak quarterly results.
Online advertising remained the most important source of revenue with a 62 percent share of sales, which corresponds to an increase of 76 percent. With these figures, Google has clearly exceeded analysts' expectations, with Google's profits reaching a point beyond what most thought possible, experts from Capital Management told Kress.de. Moreover, the growth was "phenomenal solid growth". The stock markets reacted accordingly positively: in after-hours trading, Google shares gained 3.3 percent and rose to just under 487 dollars. Rival Yahoo had previously disappointed investors with weak quarterly results.
