20 July 2007
Over the past three months from the second quarter, Google has made a $925m profit, compared to $1bn from the first three months of the year.
Overall there has been a 28% profit growth from this time in 2006 but this figure is not what analysts had predicted or hoped for.
The growth in our global traffic combined with our ongoing improvements in monetization resulted in solid revenue growth, even in a seasonally slow quarter and operating expenses were much higher than everyone was expecting.
comments chief executive Eric Schmidt.
Sales figures on the whole are up 58% in 2007 compared to 2006, which illustrates a 6% increase overall. Schmidt also comments
Our performance once again demonstrates the strength of our core search and ads business.
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