Perhaps many of us have been waiting for Google reporting of Q1 financials. Why? Just curiosity and unsatisfied craving for poking our nose into affairs of others - especially a companies financial status.
So here is the data: Google Inc. first-quarter profit rose 79%. The revenue for the first quarter of this year makes $2.3 billion. And of that total, the revenue based on pay-per-click advertising forms 97% of the total revenue. That’s 97% from PPC, talk about a cash cow!
On having read Jeremy’s post about Google’s decision to charge advertisers for using their “self-serve” API, it seems to me that Google is going to maintain the rate of their profit increase, through all means necessary.
On the other hand, Google not only makes tons of profit but also quite handy and useful software to improve our lives. Personally, I enjoy many things Google released this quarter like:
- The Google toolbar 4 beta- allows to run un queries directly on any website, create on line bookmarks and receive queries directly on any website;
- Google packs - makes it easy for users to get essential software in just a few clicks
- Google Calendar – free online calendar with many useful features
- Gmail Chat – nice chat opportunity one can find in his gmail interface.
So from my point of view, Google is worth money it makes ,and I wish them good luck for further.
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April 26th, 2006 at 8:29 pm
[...] An example of this “loyalty” can serve not only the fact that according to Nielson/NetRatings, Google was searched 2.9 billion times in March 2006, compared to 2.06 billion times March 2005; but also that (as I’ve once mentioned in the previous article) Google’s first quarter revenue reached $2.25 billion compared to $2.00 billion for the same period last year. [...]