14 DAY TRIAL // Google released today the first quarter of 2007 results, presenting the company's revenues and the evolution of the Mountain View based firm in the first months of the year. According to the press release, the search giant recorded $3.66 billion in revenues, a 63 percent increase compared to the first quarter of the year 2006. The Generally Accepted Accounting Principles net income for the first three months was $1 billion, in comparison with the fourth quarter of 2006 when the income was "only" $1.03 billion.
"The global growth of our core search and ads business and our focus on building our partnerships drove our strong results in the quarter. We continued to expand our worldwide footprint, adding important new partners and growing our platform to increase our ability to deliver targeted and measurable ads. The ongoing expansion of our network allows us to improve the user experience through new opportunities and programs," said Eric Schmidt, CEO of Google, as it is mentioned in the press release.
As you can see, the Google numbers are at least amazing, showing a company that is continuously investing in other small businesses but manages to record huge profits. According to the press release, the profit generated by the services owned by Google and its webpages was almost $2.28 billion while 37 percent ($1.35 billion) was generated from other webpages on the Internet that are registered for Google's advertising platform, AdSense.
Now, the company's plans to expand the advertising platform to the offline media are quite obvious, as the solution is able to bring huge profits to the search giant. As you know, Google made several partnerships with offline giants to place adverts in newspapers, at radio stations or even on the street using several billboards.