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Google Profit

by Chris Gilbey at 08:36AM (EST) on October 20, 2006 | Permanent Link | Cosmos

Google continues to amaze. Check out this story about their profitability:

Gross revenue rose 70% and quarterly profit rose 92% of the same period last year. Net income this quarter was $733.4 million compared to $381.2 million in the same quarter last year. That’s $2.36 per share, up from $1.32 per share in the same quarter last year.

The company also said that future acquisitions would be made in cash, that YouTube’s stock deal was a one time action.

We shall see about that last comment! There are going to be more YouTube's coming around the corner soon.... as Ray Kurzweil said in his recent book, we are in an exponential curve of creativity, and that includes business models as much as engineering solutions....

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