Is Google unstoppable? Q3 record performance defies market conditions

Is Google unstoppable? Q3 record performance defies market conditions

Summary: “Business is very, very good here at Google,” Google CEO Eric Schmidt proudly and firmly began the Google Q3 earnings conference call, currently underway. What does the Googler in chief attribute his company’s “great, great results” to?

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“Business is very, very good here at Google,” Google CEO Eric Schmidt proudly and firmly began the Google Q3 earnings conference call, currently underway. What does the Googler in chief attribute his company’s “great, great results” to? Continued growth and improvement in five areas: 

User search experience,
Ad products and quality,
Diversity of business coverage; products and geography,
Blizzard of new product introductions,
Partnerships, partnerships, partnerships!

Schmidt:

Our third quarter results are a testament to the strength of our network of advertisers and partners, as well as our continuing focus on users. We were particularly pleased with the contributions of our international business in a seasonally weaker quarter.  In addition, we continued to forge significant partnerships with companies such as eBay, Fox Interactive Media, and Intuit that will be of great value to all involved.

The Google numbers:

Google reported revenues of $2.69 billion for the quarter ended September 30, 2006, representing a 70% increase over third quarter 2005 revenues of $1.58 billion and a 10% increase over second quarter 2006 revenues of $2.46 billion…

Non-GAAP net income in the third quarter was $812 million, compared to $772 million in the second quarter.

ALSO SEE: Google CEO from Q2 to Q3: Partnerships promised and delivered!

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