Google revenues up 58pc to US$3.8bn


20 Jul 2007

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Search engine player Google last night reported a 58pc increase in revenues on the year to US$3.8bn, with Google-owned sites contributing to 64pc of revenues.

Net income for the second quarter however was down to US$925m, compare to US$1bn a year ago.

Google-owned sites generated revenues of US$2.4bn, or 64pc of total revenues in the second quarter, up 74pc on last year.

Aggregated paid clicks, which include clicks related to ads served on Google sites and AdSense partners, increased 47pc over the second quarter last year.

“Our performance once again demonstrates the strength of our core search and ads business,” said Eric Schmidt, CEO of Google. “The growth in our global traffic combined with our ongoing improvements in monetization resulted in solid revenue growth, even in a seasonally slow quarter.

“We continue to expand our commitment to deliver compelling hosted applications to businesses of all sizes, most recently agreeing to acquire Postini and its robust set of tools for web communication for the Google Apps suite of products.

“At the same time, we remain focused on addressing the tremendous opportunities we see worldwide, adding the talent and building the infrastructure that will allow us to continue to provide rich user experiences to Google users around the world,” Schmidt said.

By John Kennedy