Google Third Quarter Profit Soars 46 Percent

Google is cleans up again in the third quarter of this year to the tune of $1.07 billion in earnings. Here’s the story:

AP: Google 3Q Profit Soars 46 Percent

Overcoming a traditionally slow season for Web surfing, Google said Thursday that it earned $1.07 billion, or $3.38 per share, for the three months ended in September. That was a 46 percent improvement from net income of $733.4 million, or $2.36 per share, at the same time last year.


Revenue for the period totaled $4.23 billion, a 57 percent increase from $2.67 billion last year.

After subtracting commissions paid to its thousands of advertising partners, Google’s revenue stood at $3.01 billion — about $70 million above the average analyst estimate.

Now, if you want a good indicator of when to tell if Google has turned to the dark side, here it is:

If not for the cost of awarding stock to its steadily expanding work force, Google said it would have earned $3.91 per share.

You will know Google has turned to evil when that extra 53 cents a share gets so tempting that they start screwing over employees. Since they’re not doing that now I’d have to say they’re still (mostly) good guys.

One interesting factoid from the article is that Google fields about 1.2 billion search requests worldwide per day. That’s a lot of ads being displayed when you think about it.

But on the evil side of their equation sheet we have this near the end of the article:

In sign of its ambitious expansion plans, Google added another 2,130 employees in the third quarter — more than in any three-month period in its history. Management said the summer additions included about 1,000 hires right out of college

I suspect ageism is still alive and well at Google. They prefer to hire ‘em young and naive, doing the old churn ‘em and burn ‘em out. I know from experience they won’t give an ‘old man’ like me the time of day when it comes to a job. Oh, well. I don’t have to work somewhere with a Wii in the breakroom anyway.

Can anything stop the Google juggernaut short of government action? Are they good or evil? Jedi or Sith? What do you think?

 


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1 Comment »

Comment by Herald
2008-11-05 21:11:19

The people in such cases, said so - Avos will be alive, maybe pomrem.

I have no idea what I’m saying. I just wanted to leave a link on your site. Oops! I guess that didn’t work out the way I planned it.

 
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