Jigar Mehta’s WebBlog

October 19, 2006

Google third quarter results published..

Filed under: Uncategorized — jigarme @ 7:44 pm

Just got a mail that google third quarter results have been published.. and yes, details are same what I was expecting.

Google’s third-quarter profit nearly doubled from a year ago as sales of keyword-related advertising continued to grow for the world’s top Web search engine.

“Business is very, very good here at Google. We had an excellent quarter in all respects, especially in international,” Google Chief Executive Eric Schmidt said in a conference call Thursday after the results were released.

During the quarter, Google saw strong user growth and improvements in search quality and ad sales, Schmidt said.

The news sent Google’s stock up shares rising nearly 8 percent to $459.51 in after-hours trade, after closing at $426.06. The earnings announcement was made right after the market closed.

Hear the 2006 Q3 Earnings Conference call here

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