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Google Doubles its Profits

Posted by ryuzaki0 on from the selling-like-hotcakes dept.

WinEveryGame writes "Google just announced a very strong quarter. The internet search engine said it had net income of $721m, or $2.33 per diluted share, up from $343m a year earlier. Wall Street had expected earnings of $1.94 per share. Earlier this week Yahoo had announced lower than expected earnings."

5 of 203 comments (clear)

  1. The value of engineers by ph1ll · · Score: 4, Insightful
    <irony>Google? Are they still around? I thought The Economist had predicted their demise ages ago</irony>

    Seriously, it's nice to see a company that values its engineers doing so well.

    --
    --- "We've always been at war with Eastasia."
  2. Google's Bad Business Model by Umbral+Blot · · Score: 5, Insightful

    And all this money comes from adwords? Does it bother anyone besides me that google has only one source of revenue? It's like a company that sells only one product ... if demand for their product decreases the company dies. For example consider this possible situation: Microsoft bundles an adblocker with IE, automatically turned on, that blocks, among other things, google's adwords. Even if google sues MS could keep it in court long enough for google to go under. Scary isn't it?

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    Philosophy.
    1. Re:Google's Bad Business Model by khendron · · Score: 3, Insightful

      Isn't this like say TV networks and radio stations have a bad business model, because all they sell are commercials?

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      Life is like a web application. Sometime you need cookies just to get by.
  3. Is it? by WindBourne · · Score: 3, Insightful

    Is it the value of the engineers?
    or is the value of a natural monopoly in a truely open market as opposed to a tied monopoly in closed market such as the MS's?
    Do not get me wrong. Google's engineering is what got them to this size. After all, Alta Vista, Yahoo and MS held 95% of the market when Google started. It is Googles superior ideas that enabled them to beat these other companies.

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    I prefer the "u" in honour as it seems to be missing these days.
  4. 721 Million dollars? by Chuck+Chunder · · Score: 3, Insightful

    I wish I could come up with that kind of "bad business model"

    Seriously though your "possible situation" is 100% laughable. If MS released such a browser it would take a long time to seriously penetrate the market and there would be strong resistance not just from Google. If the browser won't show ads then 99% of sites out there would refuse to serve it content.

    Google will certainly face challenges but to suggest that adwords revenue will simply disappear is absurd.

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    Boffoonery - downloadable Comedy Benefit for Bletchley Park