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Google: The Smartest Guys in the Room

According to Reuters,

Web search leader Google Inc. on Thursday posted an industry-leading 110 percent rise in quarterly profits as the company dodged the slowing growth trend that has hurt rivals Yahoo and eBay.

Google increased profits 110%, with revenues up 77 percent to $2.46 billion.

Reuters compares Google to others, noting it grows 3-4 times faster than the other majors:

Debate is raging over whether Google — which enjoys growth rates three-to-four times faster than other major Internet companies — is vulnerable to slowing industry growth trends or is itself a disruptive force taking share from rivals. On Tuesday, rival Yahoo Inc. postponed an upgrade to an advertising system designed to compete with Google and its shares suffered its biggest one-day percentage decline ever.

With approximately 32% of  advertising revenues paid out to AdSense partners, that means webmasters earnings were up 110%  for the quarter, too. There are a whole lot of webmasters getting used to Google’s earnings growth.

One Comment

  1. john andrews wrote:

    For those who missed it, the title of this post is the title of the book/movie about Enron, a story of very very smart people who got together and cheated the hell out of everyone else in the room. They got caught, and some went to jail. The world was shocked that such smart.. brilliant people were so evil. That was 2001. Welcome to 2006.

    Saturday, July 22, 2006 at 12:31 am | Permalink