Google Reports Increased Profits

typobox43 writes "According to Yahoo! News, Google has reported increased profits compared to the year-ago numbers in its first quarterly earnings report as a publicly held company. Google's revenue figures more than doubled, leaping to $805.9 million from $393.9 million. Google shares closed today at $149.38."

Comments

Re:Google Moogle

[wargolem]

Not at all. Although advertising is still a major source of revenue, Google makes plenty of business offering enterprise solutions. For example, Amazon's new search engine is Google powered (previously reported here). I believe Yahoo's search engine has been powered by Google for a while now too, although I could stand to be corrected.

Re:Good

[hunterx11]

I would argue that Google's credo has helped them to make money far more than it has hindered them. Not pissing off your customers and planning on succeeding in the long run might be a radical idea in today's business world, but it hardly constitutes a breach of fiduciary duty.