Google makes money. analysts want more.
April 19, 2007 – 3:19 pmI got a Marketwatch alert: Google posts $1 bln profit as first-quarter revenue jumps 63%
Google profit rises 69%; net sales up 66%, slightly topping views.
The results were slightly lower than analyst expectations ($3.18 per share vs. $3.30), but goodness, who wouldn’t want that level of growth (if it can be managed)?
Google is everywhere these days, and Matt over at Techno Marketer had a great post today: Google is stalking me…I kinda like it
With the recent $3.1 billion purchase of DoubleClick, they are on a roll.
Cash: As of March 31, 2007, cash, cash equivalents, and marketable securities were $11.9 billion [via]
Microsoft is also on a buying spree with 20 companies purchased during 2006 fiscal year. Sure, Microsoft has $49 billion in short term assets (including cash) vs. Google’s $13 billion, but the gap is closing fast. And this data is from Dec 06.
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