News: Google Growth Continues with $1 Billion Profit
Posted: February 1, 2007 10:49PM
- 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.