Google Profits Nearly Triple In Fourth Quarter - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications

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."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Commentary
What Becomes of CFOs During Digital Transformation?
Joao-Pierre S. Ruth, Senior Writer,  2/4/2020
News
Fighting the Coronavirus with Analytics and GIS
Jessica Davis, Senior Editor, Enterprise Apps,  2/3/2020
Slideshows
IT Careers: 10 Job Skills in High Demand This Year
Cynthia Harvey, Freelance Journalist, InformationWeek,  2/3/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
IT 2020: A Look Ahead
Are you ready for the critical changes that will occur in 2020? We've compiled editor insights from the best of our network (Dark Reading, Data Center Knowledge, InformationWeek, ITPro Today and Network Computing) to deliver to you a look at the trends, technologies, and threats that are emerging in the coming year. Download it today!
Slideshows
Flash Poll