Google's Profit And Revenue Increased In Q3
By: Andy Beal
Reuters has details of Google's Q3 announcement, which reports that gross revenue rose 70% and profits grew.
Link: details of Google's Q3 announcement
...quarterly profit rose 92 percent as the company tightened its grip on the Web search market.
Net income for the third quarter grew to $733.4 million, or $2.36 per diluted share, compared with the year-earlier quarter's $381.2 million, or $1.32 per share.
Gross revenue rose 70 percent to $2.69. Excluding traffic acquisition costs of $825 million, the financial cut which affiliated Web sites receive for featuring Google advertising, revenue rose to $1.87 billion.
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About the Author:
Andy Beal is an internet marketing consultant and considered one of the world's most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.
You can read his internet marketing blog at Marketing Pilgrim and reach him at [email protected].
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