Leave a Comment

New from Google Labs: Google Plutocrat
Digital Daily — ... The broader ad recovery may take time, but search advertising is clearly beating a hasty path back towards normalcy. Or it is in Google’s (GOOG) case, anyway. Reporting third quarter results after market close Thursday, the search giant topped estimates posting net income that rose to $1.64 billion, or $5.13 a share, from $1.29 billion, or $4.06 a share in the same period last year. Net revenue for the period ended in September rose nearly 1% to $4.38 billion. Excluding items, earnings for the quarter were $5.89 a share. Consensus estimates had been calling for $5.42 a ...

Under the radar - 11am UK October 16
9 to 5 Mac - Apple Intelligence — ... Google last night reported revenues of $5.94 billion for the quarter ended September 30, 2009, an increase of 7% compared to the third quarter of 2008. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the third quarter of 2009, TAC totaled $1.56 billion, or 27% of advertising revenues. GAAP net income in the third quarter of 2009 was $1.64 billion, compared to $1.29 billion in the third quarter of 2008. ...

Google announces $1.64 billion profit in third quarter 2009 results
D' Technology Weblog — ... the third quarter of 2008. Non-GAAP net income in the third quarter of 2009 was $1.88 billion, compared to $1.56 billion in the third quarter of 2008. "Google had a strong quarter--we saw 7% 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," said Eric Schmidt, Google's chief executive. ...

Google Announces Strong Q3 Results
I4U News — ... The economy's had a hard year, but you'd never know it from looking at Google. They just released their Q3 numbers today , and posted total year-over-year revenue growth of 7%. Their revenue totalled $5.94 billion for this quarter. 53% of total Google revenues came from outside of the United States, as opposed 51% in the same quarter in 2008. Google's AdSense did very well this quarter. Aggregate paid clicks were up by 4% over Q2 of this year, and up 14% over Q3 2008. Cost-per-click was up 5% in Q3 over Q2, but down 6% compared to where it was in Q3 2008. That's only to be ...

4 Places Google Could Put Its Money, But Shouldn’t
GigaOM — ... Schmidt surely knows this from his years as an executive, but if Google is really buying, it might make sense to pretend it’s not. In the Internet sector, just hinting such a thing when you have $22 billion in your back pocket (while generating nearly $3 billion from operations last quarter) can spur rumors, and rumors can drive up company valuations. There are already rumors that Google’s going on a big buying binge, setting its sights on the likes of Akamai (Adam Kramer ...