The Internet’s God GOOGLE the Big “G” came with a blasting Q3 results after the stock prices on NASDAQ rose above $600 per share not even 10 days back, Google has crossed its expected results by declaring the profits at $1.07 Billion in the third Quarter of 2007, a 43% increase in the income over $733.3 Million earned durinf the same period in 2006. The Sales have risen remarkably to 57% to $4.23 Billion.
The company is attributing the overall rise to the increasing profitability of Search Advertisements which is popularly known as “Adsense”. The Google’s stock “GOOG” has settled to about $639 after the results were announced.
Yahoo the rival of Google recently reported a 12% increase in the revenue, which hasn’t fared as well in terms of profits, which fell 5% to $151.3 Million in Q3.
Source URL: http://www.techcrunch.com/2007/10/18/google-reports-impressive-46-jump-in-q3-profit/