Wednesday, February 02, 2005

Google's Revenue Doubles
It was a fine day for Google yesterday when the company reported a 2X increase in revenue. According to the NewsFactor Network, "Google posted revenue of US$1.03 billion in its October through December quarter, a 101 percent increase from the year ago quarter. The search engine company says its profit rose to a record $204 million, compared to the $27.3 million it earned last year.

Google would have posted higher profit but it sustained a charge of about $60 million for the stock compensation it offers to employees. Excluding those costs, in per share terms, profit was 92 cents, which was about 15 cents higher than Wall Street expected.

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