Google Impresses with 3Q Results

By

Despite a slow economy, Google’s third-quarter results are a strong indication of the Mountain View-based company’s continued growth.

Google reported revenues of $5.94 billion for the quarter ending Sept. 30, 2009, an increase of 7 percent compared to the third quarter of 2008. In the third quarter of 2009, TAC totaled $1.56 billion, or 27 percent of advertising revenues.

"Google had a strong quarter -- we saw 7 percent year-over-year revenue growth despite the tough economic conditions," said Eric Schmidt, CEO of Google. "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."

Operating income in the third quarter of 2009 was $2.07 billion, or 35 percent of revenues. This figure compares to operating income of $1.65 billion, or 30 percent of revenues, in the third quarter of 2008. And the company’s net income surged to $1.64 billion, compared to $1.29 billion in the third quarter of 2008.

Google’s partner sites also fared well, generating revenues, through AdSense programs, of $1.80 billion, or 30 percent of total revenues, in the third quarter of 2009. This represents a 7 percent increase from third quarter 2008 network revenues of $1.68 billion.

Google’s strong third-quarter results should allay investors’ fears that the company has over-spent on acquisitions. After all, the company has acquired about 80 companies since 2001. In April of 2007, Google acquired DoubleClick, Inc., a provider of digital marketing technology and services, for $3.1 billion in cash from San Francisco-based private equity firm Hellman & Friedman along with JMI Equity and management.

And in late 2009, Google purchased AdMob, a mobile ad platform popular among iPhone users, for $750 million.




Edited by Tammy Wolf

TechZone360 Contributing Editor

SHARE THIS ARTICLE
Related Articles

Coding and Invention Made Fun

By: Special Guest    10/12/2018

SAM is a series of kits that integrates hardware and software with the Internet. Combining wireless building blocks composed of sensors and actors con…

Read More

Facebook Marketplace Now Leverages AI

By: Paula Bernier    10/3/2018

Artificial intelligence is changing the way businesses interact with customers. Facebook's announcement this week is just another example of how this …

Read More

Oct. 17 Webinar to Address Apache Spark Benefits, Tools

By: Paula Bernier    10/2/2018

In the upcoming webinar "Apache Spark: The New Enterprise Backbone for ETL, Batch and Real-time Streaming," industry experts will offer details on clo…

Read More

It's Black and White: Cybercriminals Are Spending 10x More Than Enterprises to Control, Disrupt and Steal

By: Cynthia S. Artin    9/26/2018

In a stunning new report by Carbon Black, "Hacking, Escalating Attacks and The Role of Threat Hunting" the company revealed that 92% of UK companies s…

Read More

6 Challenges of 5G, and the 9 Pillars of Assurance Strategy

By: Special Guest    9/17/2018

To make 5G possible, everything will change. The 5G network will involve new antennas and chipsets, new architectures, new KPIs, new vendors, cloud di…

Read More