14 DAY TRIAL // Google today published its financial results for the second quarter of this year, reporting $3.87 billion in revenues, an increase of 58 percent compared to the same period of last year. In comparison with the first quarter of the year, Google recorded a 6 percent increase. Some experts say that the Mountain View company's revenues are not so impressive because Google expected a considerable boost of money to be recorded this year. However, Google remains one of the most powerful companies in the world and this is proved by the avalanche of acquisitions made by the search giant including DoubleClick and the famous FeedBurner.
"Our performance once again demonstrates the strength of our core search and ads business. The growth in our global traffic combined with our ongoing improvements in monetization resulted in solid revenue growth, even in a seasonally slow quarter," said Eric Schmidt, CEO of Google.
"We continue to expand our commitment to deliver compelling hosted applications to businesses of all sizes, most recently agreeing to acquire Postini and its robust set of tools for web communication for the Google Apps suite of products. At the same time, we remain focused on addressing the tremendous opportunities we see worldwide, adding the talent and building the infrastructure that will allow us to continue to provide rich user experiences to Google users around the world."
As you can observe from the financial results provided by Google, "GAAP operating income for the second quarter of 2007 was $1.10 billion, or 29% of revenues. This compares to GAAP operating income of $1.22 billion, or 33% of revenues, in the first quarter of 2007. Non-GAAP operating income in the second quarter of 2007 was $1.35 billion, or 35% of revenues. This compares to non-GAAP operating income of $1.41 billion, or 38% of revenues, in the first quarter of 2007."
If you're one of those people attracted by numbers and money, you should really read the entire press release published by Google available on this link.