The enormous foothold Google has in the "click" industry is pretty unbelievable. Here are some of the latest profit figures from the internet giant (courtesy of Search Engine Watch).
Core Figures - Revenues in the second quarter rose 24% to $6.82 billion from $5.52 billion during the same period a year ago. Revenues from Google-owned sites came in at $4.50 billion, up 23% from last year's $3.65 billion and accounted for 66% of total revenues. Revenues from its partner sites through AdSense, reached $2.06 billion, up 23% from $1.68 billion in the second quarter of 2009, accounting for 30% of total revenues. Adjusted net operating income stood at $2.67 billion, or 39% of revenues, compared to $2.17 billion, or also 39% of revenues, in the second quarter of 2009. Adjusted net income was $2.08 billion, compared to $1.71 billion in the second quarter of 2009.
Still, this amazing perfomance left investors a bit disappointed because they had expected even greater earnings. So, Google saw their shares go down just a touch, but for some odd reason I don't think they are too worried. To read more on this click here.
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