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Google (NASDAQ: GOOG) announced solid third quarter revenues this week, fueled by rising advertising revenues.
According to a company announcement, revenues were up from the third quarter of 2008 to $5.94 billion.
"Google had a strong quarter - we saw 7percent year-over-year revenue growth despite the tough economic conditions. While there is a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and now feel confident about investing heavily in our future," said Google CEO Eric Schmidt.
Looking at the revenues, Google-owned sites were said to generate 67 percent of last quarter's total, accounting for an 8 percent year over year increase, while partner websites, working through AdSense programs, rose by 7 percent to account for 30 percent of quarterly revenues.
Just over half of the company's revenues were international. Also, paid clicks on ads served on Google sites were up 4 percent since the previous quarter and 14 percent over this time last year, while cost per click ad revenues were up about 5 percent since the second quarter of 2009.
The rise in advertising revenue may also be seen as another indication of a recovering economy.
By Bill Laforme
Google announces third quarter revenues
Google (NASDAQ: GOOG) announced solid third quarter revenues this week, fueled by rising advertising revenues. According to a company announcement, revenues were up from the third quarter of 2008 to $5.94 billion.
"Google had a strong quarter - we saw 7percent year-over-year revenue growth despite the tough economic conditions. While there is a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and now feel confident about investing heavily in our future," said Google CEO Eric Schmidt.
Looking at the revenues, Google-owned sites were said to generate 67 percent of last quarter's total, accounting for an 8 percent year over year increase, while partner websites, working through AdSense programs, rose by 7 percent to account for 30 percent of quarterly revenues.
Just over half of the company's revenues were international. Also, paid clicks on ads served on Google sites were up 4 percent since the previous quarter and 14 percent over this time last year, while cost per click ad revenues were up about 5 percent since the second quarter of 2009.
The rise in advertising revenue may also be seen as another indication of a recovering economy.
By Bill Laforme
