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April 21, 2005

Google financially on fire!

search engines, finance — by TDavid @ 10:14 pm PST

On fire in a good way, that is. A possibly obscure NBA Jam reference here: when a player in that game scores several times in a row without the other team scoring that player is said to be “on fire” — well, this describes Google who went public last year and opened around 100 bones a share and as of this writing is $204/share. Couple that with their reported first quarter earnings:


Revenue in the quarter nearly doubled, up 93 percent over the year before period to $1.256 billion. Net income for the quarter more than quadrupled, increasing 477 percent over the first quarter of 2004 to $369 million, or $1.29 per share.

Microsoft should not be worried about what Steve Jobs is saying at Apple, they should be worried about the big G, which is getting bigger. And bigger. And bigger.

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