Google have posted their fourth quarter results for 2004 and have managed to break their own already impressive revenue records in the process. Revenue for the quarter ending December 31st 2004 was 1.032 billion US dollars, an increase of 101% year over year.
Google reported a net income of 71 cents per share, adding up to a total of $204 million. As a result of these more than impressive figures, Google's shares surged by over 12%.
Eric Schmidt, Google's chief executive officer had the following to say about the results:
"Google had an exceptional quarter. Revenues and profits increased significantly, our execution was solid across the company and most importantly, our relationship with our users, partners and advertisers became even stronger. All of this happened while we continued to innovate, expand around the world and make strategic, long-term investments."
Impressive results coupled with a brand that the world seems to love, and it would appear that Google can do no wrong at the moment. It will be interesting to see if they will be able to carry on with this trend. We, along with the rest of the world, will keep an eye on them.
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