Google quarterly earnings are amazing again. Google reported revenues of $3.66 billion for the quarter ended March 31, 2007, an increase of 63% compared to the first quarter of 2006 and an increase of 14% compared to the fourth quarter of 2006. 63% jump to $3.66 billion, very impressive and a 64% increase in earnings.
GAAP operating income for the first quarter of 2007 was $1.22 billion, or 33% of revenues. This compares to GAAP operating income of $1.06 billion, or 33% of revenues, in the fourth quarter of 2006. Non-GAAP operating income in the first quarter of 2007 was $1.41 billion, or 38% of revenues. For 2006, GAAP operating income for the first quarter of 2006 was $743 million, or 33% of revenues.
This type of performance is next to impossible to achieve, which makes it amazing they have achieved it but also unlikely it will continue. Still I am happy to own some Google (and glad I have owned it for awhile).
Related: 10 Stocks for 10 Years Update - Sleepwell portfolio results (largest holdings: Google, Templeton Dragon Fund and Toyota) - Investment Books
Comments
1 Comment so far
It is also an example of a company with a higher purpose that makes a good deal of money. Google definitely understands the concept of eliminating waste.