Google Announces Financial Results; Revenue Up 57 Percent - Rmail
Posted by elveston priory at 1:25 am
Google has announced its financial results for its most recent quarter. Revenue shot up 57 percent from last year to $4.23 billion, while net income totaled $1.32 billion. Google-owned sites (i.e. - not partner sites or AdSense publishers) accounted for 65 percent of total revenue. Google’s hiring spree continued during the quarter: they now have nearly 16,000 full-time employees, up from 13,786 at the end of June.
Meanwhile, Nielsen Online has announced September stats that show Google as the number one "parent company" (all of Google's sites combined) in the US in terms of unique visitors for the first time. The 118 million visitors marked an increase of 19 percent since last year. Search queries were up a cool 40 percent to nearly 4.2 billion for the month.
Perhaps more impressive, the average time a user spends on Google properties shot up by 82 percent, showing that the company might be beginning to successfully expand to areas beyond search. Of course, these numbers are helped greatly by YouTube, which were not counted in September 2006 stats.
The results are another reminder of how fast Google is growing relative to its peers. Earlier this week, Yahoo reported that it’s revenue grew 12 percent in the past year.
[via]
User comment: By: Cameron ChapmanYeah, GDP is quite a bit different than valuation. If you look at Google's valuation in relation to their revenue (around $10 billion, as mentioned) that puts their estimated valuation at 19 times their annual revenue (or "GDP" if Google were a country). Using the same formula, Ireland's value would actually be around $3.42 trillion, quite a big difference! They're definitely trying to undervalue Ireland...
[...] Check it out! While looking through the blogosphere we stumbled on an interesting post today.Here's a quick excerptRevenue shot up 57 percent from last year to $4.23 billion, while net income totaled $1.32 billion. [...]
User comment: By: PatrickUm, Ireland's 2006 GDP is $181 billion. I hardly think GDP is equivalent to market valuation. I certainly hope the entire country of Ireland, its economic output, and citizens are worth more than just $181 billion. If anything, GOOG's "GDP" would be equivalent to last year's total revenues of $10.6 billion.
User comment: By: CountRobWhen Gphone establishes a market share they will probably be worth 250+ billion. It is also possible they will expand into satellite or cable tv advertising. So it's not hard to picture them someday as a trillion dollar company.
User comment: By: Adam OstrowIt actually just passed $200 billion, more than most countries :)
User comment: By: Mayank KumarHail, Google, the new Gods!!! :D. I heard their valuation nears $190 billion, more then that of Ireland :P Just remembered a link I am giving that contains mention of gphone and google's new social network platform
Visit here to subscribe to these comments[...] reached. Is Automattic holding out Facebook-style? After the recent acquisition of […]Source:Mashable! Google has announced its financial results for its most recent quarter. Revenue shot up 57 percent [...]
R|mail.