Google earn £3.66billion in 3 months
Here's something to get your teeth into, your head around or just to begin designing your way to take over the planet: Google's earnings for the past 3 months.
Google reported revenues of $3.66 billion for the quarter ended March 31, 2007, an increase of 63% compared to the first quarter of 2006 and an increase of 14% compared to the fourth quarter of 2006.
Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC. In the first quarter of 2007, TAC totalled $1.13 billion, or 31% of advertising revenues.
"The global growth of our core search and ads business and our focus on building our partnerships drove our strong results in the quarter", said Eric Schmidt, CEO of Google. "We continued to expand our worldwide footprint, adding important new partners and growing our platform to increase our ability to deliver targeted and measurable ads. The ongoing expansion of our network allows us to improve the user experience through new opportunities and programs."