Monday, 22 October 2007

Google reports further sales growth

There was plenty of press coverage last week (this from CNN Money) about Google's continued revenue growth and share value. The company reported that revenues in the 3rd quarter were $4.23 billion, up 57% over the previous year. The value of the company has increased nearly 40% this year and the number of employees has reached just under 16,000.

This performance was ahead of analyst's expectations and illustrates the massive growth that is continuing to come from Google's search advertising model and how this sort of business performance is continuing to develop in an unknown area where there are no previous models to gauge the size and speed of growth in this market.

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