Google continues to boom in third quarter
- 19 October, 2007 08:10
Google continues to grow revenue at a healthy clip, reporting an increase of almost 60 percent in the third quarter compared to the same period last year.
Third-quarter revenue for the search giant reached US$4.23 billion, up 57 percent over the same quarter last year.
Net income for the quarter that ended September 30 was US$1.07 billion using generally accepted accounting principles (GAAP), compared to US$733 million in the same quarter last year. On a non-GAAP basis, net income reached US$1.24 billion in the third quarter
Earnings per share on a non-GAAP basis were US$3.91, beating analysts consensus as polled by First Call, which was US$3.78.
Google's core search advertising business, as well as expansion of services into international markets drove growth, Google said. Revenue from outside of the U.S. was US$2.03 billion, representing 48 percent of revenue in the quarter. That compares with 44 percent of revenue coming from international markets in the same quarter last year.