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The results <a href="http://ap.google.com/article/ALeqM5jg_i2yt0gKx7RcWhULuSV1FyNMiwD8SC2PKO3">fuelled more predictions</a> that Google’s shares could hit $700 in the near future, even though they only <a href="http://news.bbc.co.uk/1/hi/business/7035236.stm">crossed $600 earlier this month</a>. In the <a href="http://investor.google.com/releases/2007Q3.html">results statement</a>, chief executive Eric Schmidt said Google’s core search ad business had experienced “continued momentum driven by growth in monetisation and traffic”. He added: <blockquote> “Our efforts to offer more products and services in international markets as well as effectively grow our technology infrastructure and add to our deep talent base during the quarter helped to deliver growth by enabling Google to reach more users around the world.” </blockquote> Figures from comScore, also released yesterday, showed Google’s share of US searches stood at 57% in September. In Q3, it generated 48% of its sales from outside the US, including $661m or 16% from the UK. Fifteen percent of its revenues came from the UK in Q2. But there was little on which to judge Google's efforts to diversify beyond search ads – brands' spending on AdSense rose 40% year on year to $1.45bn, or 34% of its overall sales, while its own sites generated revenues of $2.73bn, or 65%. Team Google also continues to grow, despite the company admitting that its aggressive hiring policy hurt its Q2 figures – its headcount rose to 15,916 by the end of September from 13,786 in June. Google’s share price rose to just under $640 after the results were announced - around seven times higher than when it IPO’d three years ago. Related stories: <a href="/blog/1787-google-plans-european-recruitment-drive">Google plans European recruitment drive</a> <a href="/blog/1531-google-counts-cost-of-spending-spree">Google counts cost of spending spree</a> <a href="/blog/1849-yahoo-q3-figures-please-investors">Yahoo! results please investors</a>

<FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph>The results <Link URL="http://ap.google.com/article/ALeqM5jg_i2yt0gKx7RcWhULuSV1FyNMiwD8SC2PKO3" Window="Self">fuelled more predictions</Link> that Google’s shares could hit $700 in the near future, even though they only <Link URL="http://news.bbc.co.uk/1/hi/business/7035236.stm" Window="Self">crossed $600 earlier this month</Link>.</Paragraph> <Paragraph>In the <Link URL="http://investor.google.com/releases/2007Q3.html" Window="Self">results statement</Link>, chief executive Eric Schmidt said Google’s core search ad business had experienced <Quote>“continued momentum driven by growth in monetisation and traffic”. </Quote></Paragraph> <Paragraph>He added: </Paragraph> <Block> <Paragraph> <Quote>“Our efforts to offer more products and services in international markets as well as effectively grow our technology infrastructure and add to our deep talent base during the quarter helped to deliver growth by enabling Google to reach more users around the world.”</Quote> </Paragraph> </Block> <Paragraph>Figures from comScore, also released yesterday, showed Google’s share of US searches stood at 57% in September. </Paragraph> <Paragraph>In Q3, it generated 48% of its sales from outside the US, including $661m or 16% from the UK. Fifteen percent of its revenues came from the UK in Q2. </Paragraph> <Paragraph>But there was little on which to judge Google's efforts to diversify beyond search ads – brands' spending on AdSense rose 40% year on year to $1.45bn, or 34% of its overall sales, while its own sites generated revenues of $2.73bn, or 65%.</Paragraph> <Paragraph>Team Google also continues to grow, despite the company admitting that its aggressive hiring policy hurt its Q2 figures – its headcount rose to 15,916 by the end of September from 13,786 in June. </Paragraph> <Paragraph>Google’s share price rose to just under $640 after the results were announced - around seven times higher than when it IPO’d three years ago.</Paragraph> <Paragraph> <Emphasis>Related stories:</Emphasis> <LineBreak /> <Link URL="/blog/1787-google-plans-european-recruitment-drive" Window="Self">Google plans European recruitment drive</Link> <LineBreak /> <Link URL="/blog/1531-google-counts-cost-of-spending-spree" Window="Self">Google counts cost of spending spree</Link> <LineBreak /> <Link URL="/blog/1849-yahoo-q3-figures-please-investors" Window="Self">Yahoo! results please investors</Link> </Paragraph> </FormattedContent>

2007-10-19T09:29:00+01:00

econsultancy_xml

Google’s share price moved closer to another milestone last night after it posted better than expected Q3 results. The web ad giant increased its profits by 45% to $1.07bn and sales by 57% to $4.23bn, helped by its continuing search dominance and growth in international markets, including Britain.

<FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph> <Emphasis>Google’s share price moved closer to another milestone last night after it posted better than expected Q3 results.</Emphasis> </Paragraph> <Paragraph>The web ad giant increased its profits by 45% to $1.07bn and sales by 57% to $4.23bn, helped by its continuing search dominance and growth in international markets, including Britain. </Paragraph> </FormattedContent>

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Econsultancy has published an <a href="http://econsultancy.com/reports/online-advertising-networks-buyers-guide">Online Advertising Networks Buyer's Guide</a> which contains an examination of this marketplace and profiles of 23 leading networks. We have also produced an <a href="http://econsultancy.com/reports/online-advertising-survey">Online Advertising Survey</a>, based on a survey of advertisers and agencies. For more stats and charts, see also our <a href="http://econsultancy.com/reports/internet-advertising-statistics">Online Advertising Statistics compendium</a>.

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International sales boost Google results false

2007-10-19T09:29:00+01:00

international-sales-boost-google-results

2009-04-28T23:00:02+01:00

2009-10-13T09:22:28+01:00

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