Google’s Profits Beats Competition’s
Google’s net revenue is up again, 77% higher year over year to $1.67 billion, beating estimates of $1.65 billion.
Gross revenue $2.46 billion. Net income $721 million– more than double.
Adjusted EPS $2.49, beating estimates of $2.22. Total costs rose 86%. Capital expenditure was $699 million– $319 million of which went to real estate.
Search market share 48%– compare with 31% for Yahoo and 14% for Microsoft, according to Majestic Research.
Also covered at USATODAY.
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