Google’s much awaited fourth quarter and fiscal year 2007 financial results are finally out. And to quote Google CEO Eric Schmidt:
“We are pleased with our performance this quarter, it reflects strong momentum in our core business, growing receptivity to our new business initiatives, and improved discipline in managing our operating expenses.”
Some of the highlights of Google’s 2007 financial reports are:
- 51% increase in gross revenue for the 4th Quarter of 2007 with $4.53 billion as compared to the same period in 2006 which was only $3.21 billion.
- 65% of Google’s total revenues or $3.12 billion were generated from Google-owned sites as compared to last year’s $1.98 billion. Overall this is equivalent to 58% increase.
- 34% or $1.64 billion of total revenues in the 4th quarter of 2007 were generated from Google’s partner sites through AdSense. This is equivalent to 37% or $1.20 billion of revenues generated in the 4th quarter of 2006.
If you want to read other parts of the financial report, you may download the PDF version.
But the three points of the highlights I enumerated is enough reason for the Google guys to be pleased enough. And never mind if it falls short of the expectations of various market watchers and bystanders. The fact of the matter still remains that Google is gaining besides being the web’s no.1 industry player.
And besides, the recent comScore 4th quarter search scorecard where Google is way ahead of the rat race is enough to compensate for the slim shortcomings in the financial figures that Google was forecasted to attain for 2007.