Google Beats Earnings Expectations Again, Stock Jumps

By Nathan Weinberg

Google has released their quarterly earnings report for January-March 2007, and the results are excellent. Google reported revenue of $3.66 billion for the three-month period, up 63% from $2.25 billion a year earlier, and $2.53 billion after traffic acquisition costs, beating analyst expectations of $2.49 billion. Net income for the quarter was a solid $1.0 billion, up from $592 million a year before. Earnings per share were $3.18, up from $1.95, and would have been $3.68 before employee stock compensation, smashing the analyst’s best guess of $3.30.

The stock is jumping in after hours trading:

/archives/2007/04/19/google-beats-earnings-expectations-again-stock-jumps/google-stock-april-19.png

Other stats:

  • Google sites continue to outperform the AdSense network, which is plumetting as a percentage of revenues. Google sites beat Google Network with 62% of revenue at $2.28 billion, up 76%, while AdSense made up 37% with $1.35 billion, up a lower 45%.
  • International revenues are now 47% of all revenue, $1.71 billion.
  • Aggregate paid clicks have increased 52% since last year.
  • Other expenses, like data center expenses, have decreased as a percentage of revenues, from 10% to 9%
  • The tax rate was 26% for the quarter.
  • Google has $11.9 billion in cash.
  • Google has 12,238 employees, having hired 1,564 people in three months.
  • Non-advertising revenue was $36 million, almost exactly one percent of revenue. Yikes!
Posted:
April 19, 2007 by Nathan Weinberg in:
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2 Responses to “Google Beats Earnings Expectations Again, Stock Jumps”

  1. Gizbuzz » Google launches “Web History” Says:

    […] Just as they’ve released their quarterly earnings report, Google sneakily launched a new feature today, “Web History”. Offering a web-based alternative to your browser’s similar feature, Web History aims to organize what you visit into a concise archive of data with future accessibility a top priority. […]

  2. » Microsoft Grew A Whole Google »  InsideMicrosoft - part of the Blog News Channel Says:

    […] Nick Carr has a really cool perspective on Microsoft and Google’s recent earnings reports: Microsoft’s growth, in just the last three months, is a billion dollars higher than Google’s entire sales for the quarter. Kinda makes you wonder what kind of idiots keep calling Microsoft “dead”. Of course, even Microsoft’s growth pales in comparison to Google’s, which posted a 66% rise in sales in the quarter, from $1.5 billion to $2.5 billion. But Google is still, of course, a much smaller business, and it’s worth noting that the $1 billion that it added to its sales is a fraction of the $3.5 billion that Microsoft added. To put it another way, the increase in Microsoft’s sales during the quarter is greater than Google’s total sales - by far ($3.5 billion vs. $2.5 billion). […]

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