Thursday, July 20, 2006

Google profit more than doubles; sales soar 77%

MOUNTAIN VIEW, Calif. (July 20, 2006)
Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended June 30, 2006.

"Google grew at an impressive pace during a seasonally slower quarter," said Eric Schmidt, CEO of Google. "We continue to deliver valuable new products and services to users around the world through our partnerships and investments in our business. Our strong performance results from our clear focus on increasing the quality of user experience, particularly in search and ads."

Google reported revenues of $2.46 billion for the quarter ended June 30, 2006, an increase of 77% compared to the second quarter of 2005 and an increase of 9% compared to the first quarter of 2006. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC. In the second quarter of 2006, TAC totaled $785 million, or 32% of advertising revenues.

ZapperGirl gives you more info here

6 Comments:

Blogger Kiltak said...

I wish I'd bought google stocks when they came out last year.. :) Thanks for visiting [GAS], The name of your blog is also quite interesting lol. Btw, just as an advice, instead for copy/paste the text of the articles integrally, you should really add up a bit of text before and after, and put the excerpts in quotes..

Btw ZapperGirl, you should post your real picture, this one is a common pic that is available everywhere to advertise "I love nerds" t-shirts :)

Cheers

Kiltak [GAS]

Thursday, July 20, 2006 5:46:00 PM  
Anonymous lx said...

technology is fairly safe ... it's integrated into every facet of our lives these days ;-)

Thursday, July 20, 2006 5:47:00 PM  
Blogger ZapperGirl! said...

bionicbuddha, kiltak and lx..thanks for your comments! Keep up the good work on your blogs, they all look great. Regarding Google, they may not be able to sustain 77% or more sales growth every quarter. However...quarter after quarter of increasing earnings and market share, multiple product releases (ok, ad revenues represent, what, 99% of earnings?) makes Google likely to be a force to be reckoned with in the coming years. Our generation's Microsoft?

Thursday, July 20, 2006 5:59:00 PM  
Blogger Alex Paul said...

I always dissapear in technology but can`t live without it.....thats strange......
really nice site (and picture)
stay tuned.....
also visit alisdropcity.blogspot.com

Thursday, July 20, 2006 7:54:00 PM  
Blogger deepsat said...

google is slowly ruling internet!! i think they will do what microsoft did to software!!

and the way they are diversifying.. its amazing!!!

nice blog!!

;-))

Friday, July 21, 2006 4:04:00 AM  
Blogger ZapperGirl! said...

alex and deepsat...thanks so much for your comments!

Saturday, July 22, 2006 7:52:00 PM  

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