Data Centres

Google Q4 revenue soars

Google has reported an increase of 51% in revenue to $4.83bn for the fourth quarter ended December 2007. Net income rose to $1.21bn from $1.03bn in the year-ago quarter, the first time Google's quarterly profit has climbed by less than 25% since it went public.

CBR Staff Writer February 5, 2008

Google Sites generated revenue of $3.12 billion, an increase of 58%, while Google Network generated $1.64bn, an increase of 37%.

Google also reported earnings for fiscal year 2007. It said revenue for the year rose to $16.59bn from $10.6bn in 2006. Net income was $4.2bn, $13.29 a share, against $3.07 billion, $9.94 a share, the previous year.

Google chief executive Eric Schmidt said the figures reflect strong momentum in our core business, growing receptivity to our new business initiatives, and improved discipline in managing our operating expenses.

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