While its main competitor, Yahoo, has announced a 10 billion dollars loss, Google outperformed all analyst forecasts for the fiscal year 2006. The Mountain View company has generated revenues which indicate that Google more than doubled its profits in the last second quarter. With $2.46 billion dollars in revenue Google marks an increase of 77% over the same period of time the past year, when it accounted only for $1.38 billion. In this context, the company's net income is an estimated $721.1 million, while in 2005 it was only $342.8 million. This translates to a $2.33 for a share which grew from last year's $1.19.

"It looks like our model continues to work very well. We're very, very happy with having such a strong quarter in a seasonally weak period. When I look at why this is happening, I see the evolution of our strategy in front of us over and over again. We start with one thing. We learn. We iterate. And that's the hallmark of how Google operates," Google Chief Executive Eric Schmidt commented. Google's financial reports reinstate the company as the search engine leader.

"Growth in both traffic and monetization contributed to our performance this quarter," said Chief Financial Officer George Reyes.