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News: Google Growth Continues with $1 Billion Profit

Category: Internet
Posted: 10:49PM

BetaNews - You sometimes know the news isn’t all good about a company’s earnings when it casts a bright spotlight on its revenues; a company can make a lot of money without necessarily earning it. Google is the antithesis of such a company, earning an astonishing one-third of its revenues while still sharing nearly a billion dollars with its traffic generation partners. Google closed out its fiscal year 2006 having reaped just over $3.2 billion in revenues for the final quarter, a gain of two thirds over the fourth quarter of 2005. Of that $3.2 billion, just over $1 billion of that is net earnings, an 86% annual gain – meaning Google is even more efficient now than it was last year.

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