Google and the Story of the $4.23 Billion

Following Yahoo's third quarter 2007 financial results, the Mountain View company Google today published its results revealing revenues of $4.23 billion for the quarter ended September 30, 2007. It was already known that Google is one of the richest companies on the web and today's results come to confirm this statement. According to the super giant, this quarter's results represent an increase of 57 percent in comparison with the same period of the last year and a 9 percent increase from the second quarter of this year.

"We are very pleased with the impressive growth we experienced across our business," said Eric Schmidt, CEO of Google. "Our core search advertising business experienced continued momentum driven by growth in monetization and traffic, and we are creating a wider and deeper ads system through our focus on innovation, bringing more ad formats to our advertisers. Our efforts to offer more products and services in international markets as well as effectively grow our technology infrastructure and add to our deep talent base during the quarter helped to deliver growth by enabling Google to reach more users around the world."

What's most impressive is that Google proved an amazing financial power since 65 percent of its revenues were generated by the company's websites and technologies, meaning that Google produced no less than $2.73 billion. In comparison with the same period of 2006, this year's results come with a 68 percent increase and only 10 percent from the second quarter of 2007.

The main source of revenues for the Mountain View company is still the United States which generated 52 percent of the total money coming to the Googleplex. "Revenues from outside of the United States totaled $2.03 billion, representing 48% of total revenues in the third quarter of 2007, compared to 44% in the third quarter of 2006 and 48% in the second quarter of 2007."

If you'd like to read all the Google financial results, feel free to visit the official press release available here.