Google earns US$10.6 Billion revenue for 2006

The last quarter earnings report is out for Google. They posted $3.21 billion for the final quarter ending December 31, 2006. That makes it $10.6 Billion in revenue for the whole year and $3.08 Billion in earnings. THREE BILLION DOLLARS!!! far….k.

Despite this record profit, which actually beat Analyst’s expectations, and not to mention, beating Yahoo’s fourth quarter growth of 15% (Google’s was 20%) aswell, the stock price actually fell $19.75, or 3.94 percent, closing out at $481.75 on the Nasdaq on Thursday. I suppose if you’ve got the monopoly on internet searches, video, email, maps, advertising, (and I’m sure I’ve missed out on more), you could possibly do better. For starters, they could settle down on their hiring frenzy. Last year, they doubled their workforce to more than 10,000 + employees and also doubled their expenditures to $1.9 billion. They’re going bananas! O well, s’pose if I had $11.2 billion in cash reserves earning me $500 million a year in interest, I’d splurge out a little too.

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