Google has released its financial report for the fourth quarter. Google has total revenues accounting to $3.21 billion for the fourth quarter ending 31 December, 2006. This is a jump of 19 percent when compared to the third quarter of 2006. And a mind blowing increase of 67 percent as compared to the fourth quarter ending 31 December, 2005. Google earned the major part of their revenue from site's search as offerings, which was responsible for 62 percent of the total revenue.
Eric Schmidt, CEO of Google says:
Our impressive performance in the fourth quarter demonstrates the continuing strength of our business model across Google properties and those of our partners. Our growing organization allows us to deliver ever increasing amounts of information and content to our users both through investments in search and ads as well as through strategic partnerships.
Sergey Brin, Google co-founder and president says:
Advertisers are now using our targeting platform to place brand advertising across our content network, and they are going to have more options when the YouTube inventory comes online. The ability to offer premium online and offline inventory, and the control to optimize it, puts us in a position to provide a complete advertising platform for all advertisers.
Read the full report.