Google financials show 23% growth

Fri, 15th Oct 2010

FYI, this story is more than a year old

Google has announced 23% leap in revenues for the quarter ending September 30th, 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."

Google reported revenues of $7.29 billion for the quarter ended September 30th, an increase of 23% compared to the same period last year.

Here’s a rundown of Google’s Q3:

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 Sites Revenues

Google-owned sites generated revenues of $4.83 billion, or 67% of total revenues, in the third quarter of 2010 (a 22% increase over last year).

Google Network Revenues

Partner sites generated revenues, through AdSense programs, of $2.20 billion, or 30% of total revenues, in the third quarter of 2010 – a 22% increase from third quarter 2009 network revenues of $1.80 billion.

International Revenues

Revenues from outside of the United States totalled $3.77 billion.

Paid Clicks

Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased 16%.

Cost-Per-Click

Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of our AdSense partners, increased 3% over Q3 2009.

Operating Expenses

Other than cost of revenues these were $2.19 billion in the third quarter of 2010, or 30% of revenues, compared to $1.64 billion in the third quarter of 2009, or 28% of revenues.

Operating Income

Operating income in the third quarter of 2010 was $2.55 billion, or 35% of revenues. This compares to GAAP operating income of $2.07 billion, or 35% of revenues, in the third quarter of 2009.

Net Income

GAAP 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 30th, 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.

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