General, google, Web

Google Third Quarter 2007 Results announced

From the Google Press email,

MOUNTAIN VIEW, Calif. – October 18, 2007 – Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended September 30, 2007.

“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.”

Google reported revenues of $4.23 billion for the quarter ended
September 30, 2007, an increase of 57% compared to the third quarter
of 2006 and an increase of 9% compared to the second quarter of 2007.
Google reports its revenues, consistent with GAAP, on a gross basis
without deducting traffic acquisition costs, or TAC. In the third
quarter of 2007, TAC totaled $1.22 billion, or 29% of advertising
revenues.

Google seem to perform well and they are having a steady growth in their advertising business. Last that BBC reported Google dominated the worlds search in the month of August serving 37 billion searches.

you can read full text version here or download a PDF

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