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

Good

[metlin]

Atleast, they deserve it.

But I just hope that after all this, Google does not turn into yet-another-evil-corporation. A lot of companies started out with benign ideals, only to be corrupted as they grew bigger and were taken over by selfish MBA types.

I just hope that that the Google share-holders realize that what makes Google important are not just its ideas, but also the nature of their ideas.

Kudos, Google! You guys deserve it.

Re:Good

[DigitumDei]

Correct me if I'm wrong, but as I understand it the only way Google makes money is via paid ads. And the best way for them to sell those paid ads is by having tons of free applications that people WANT to use.

I think, in the industry they're in (that is search and anything they can link search to), that it really is in their best interests to NOT become yet another corporation. If they did, MS would eat them alive in no time.

Re:Good

[metlin]

I know exactly what you mean.

I'm the co-founder of a small technology startup, and it is for this very reason that we do not want to look out for VC investment.

But the unfortunate problem is that VC investment is quite inevitable, especially if you want to grow. And once VC investments come in, they would most certainly insist on an IPO, because that increases their profit margins, too.

That's a vicious circle - it's very hard for an entirely privately held company to make it big. The biggest thing that VC investments bring in is not just the money - it is the contacts and the pedigree. If you are a company in whom Vulcan or ING Barings have invested, then you must be good.

That brings in more business, and you grow. So yeah, I can pretty much relate to what you're saying!

And since they're a business...

[physicsphairy]

I wonder what they're going to do with the extra money?

As far as the search engine wars go, well, I think they've pretty much been declared the winner for now. It will take something very innovative and different from existing engines to have a chance at dislodging them.

So maybe that's where you see things like Gmail and Google Desktop Search coming from? Theres not a lot of room to expand in the search engine arena; not a lot they can do other than branch out into places where there's more room to innovate and expand.

Yahoogle

[zobier]

Has anyone else noticed the similarities between this and this? Hell, it even has the 'did you mean' and calculator features!

Re:Don't take this as a troll, but..

[TinyManCan]

As someone involved in large Enterprise Scale operations, I can say that Google has certainly done something that is not easily duplicated. They managed to get an application running on 10,000 servers that could easily handle a load and dataset that is massive.

Google's strength is not in their search engine, or in gmail, but their ability to execute new appications in a highly available and supportable manner. Google has developed an Operating System for the web so to speak that is head and shoulders above any other system out there currently.

If Google continues to keep delivering solid and functional applications that meet my, and other users needs, we may see a future where the only OS you need on your local computer is a web browser.

That is why this stock is going through the roof. This company has capital, resources and manpower to deliver a Microsoft Killing blow, and is aquiring the skillset and experience needed to pull it off each day they run 'the worlds biggest application.'