Google Announces Record Earnings …. Again

Announced today was Google’s earnings for the fiscal quarter ended March 31, 2006. Google reported revenues of $2.25 billion for the quarter ended March 31, 2006, an increase of 79% compared to the first quarter of 2005 and an increase of 17% compared to the fourth quarter of 2005.

“Google had an exceptional quarter with strong growth and profitability, from both Google properties and the network,” said Eric Schmidt, CEO of Google. “We are driving this growth through investments in our infrastructure and our people, product innovations that attract new users, and relationships with advertisers and partners around the world. The strength of our business model gives us the opportunity to invest in our business, allowing us to maintain and grow our market leadership.”

All I have to say is, “thank goodness”. One could only image what would happen if they only realized single digit increases/quarter. 😉

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