Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended September 30, 2010.
“Google had an excellent quarter,” said Eric Schmidt, CEO of Google. “Our core business grew very well, and our newer businesses — particularly display and mobile — continued to show significant momentum. Going forward, we remain committed to aggressive investment in both our people and our products as we pursue an innovation agenda.”
Q3 Financial Summary
Google reported revenues of $7.29 billion for the quarter ended September 30, 2010, an increase of 23% compared to the third quarter of 2009.
Q3 Financial Highlights
Revenues – Google reported revenues of $7.29 billion in the third quarter of 2010, representing a 23% increase over third quarter 2009 revenues of $5.94 billion.
Google-owned sites generated revenues of $4.83 billion, or 67% of total revenues, in the third quarter of 2010. This represents a 22% increase over third quarter 2009 revenues of $3.96 billion.
Google Network Revenues – Google’s partner sites generated revenues, through AdSense programs, of $2.20 billion, or 30% of total revenues, in the third quarter of 2010. This represents a 22% increase from third quarter 2009 network revenues of $1.80 billion.
International Revenues – Revenues from outside of the United States totaled $3.77 billion, representing 52% of total revenues in the third quarter of 2010, compared to 52% in the second quarter of 2010 and 53% in the third quarter of 2009.
Paid Clicks – Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased approximately 16% over the third quarter of 2009 and increased approximately 4% over the second quarter of 2010.
Net Income – Net income in the third quarter of 2010 was $2.17 billion, compared to $1.64 billion in the third quarter of 2009.
Cash – As of September 30, 2010, cash, cash equivalents, and marketable securities were $33.4 billion.
Headcount – On a worldwide basis, Google employed 23,331 full-time employees as of September 30, 2010, up from 21,805 full-time employees as of June 30, 2010.
Google continues to drive the bus forward in terms of financial performance. More importantly is the momentum Google has with Android. Google’s future looks very bright when it comes to mobile and operating system software. I’m expecting to see Google realize that in the future years.
At the end of the day the more people using the Internet (in terms of devices that access the internet such as mobile) and the higher the internet speeds, the more money Google makes. One area that continues to interest me is the enterprise and service provider marketplace. That is an area that Google will be very active in.
At Hadoop World we asked the question “Who is the Next Google”? The answer might just be “Google is the Next Google”.
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