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The Future is Bright as Google Reports on 3rdQ Earnings

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The Future is Bright as Google Reports on 3rdQ Earnings

The numbers are out for Google’s 3Q revenue performance. And quite what many analysts have predicted, Google’s earnings are actually all in the positive note. How’s a 7% year-over-year revenue growth sounds? Especially if you’re operating amidts an economic crisis?

Now for some highlights of Google’s 3rd Quarter Earnings Report:

  • A total of $5.94 billion in revenues which is a 7%  last years $5.54 billion
  • A total of $3.96 billion in revenues from Google-owned sites, amounting to 67% of the overall revenues for the Q3. This is a clear 8% from the same period last year which is $3.67 billion
  • $1.80 billion revenue from the Google AdSense program representing 30% of the overall revenues. And this registers for a 7% increase in previous year’s earnings
  • Even Google’s revenues from international partners and offices showed positive sign, getting $3.14 billion which is 53% of total Google revenues.

So, how bright does the future brings for Google? Apparently so bright that Mr. Schmidt alluded to what Google might possibly go to in the near future:

“While there is a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and now feel confident about investing heavily in our future.”

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Arnold Zafra

Arnold Zafra

Arnold Zafra writes daily on the announcements by Google, Ask.com, Yahoo & MSN along with how these announcements effect web ... [Read full bio]

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