Google Revenues up, a lot.
Google revenue up 60% to $7.535 billion
The latest figures from Google filed to the Securities and Exchange Commission make impressive reading. Revenues are up to £7.535 billion for the six months ended at June 30 2007, up from $4.7 billion for the same period in 2006.
What I found interesting was just how much of this income came from the UK, 15%, or $1.13 billion. The US revenue share was 52% and 33% for the rest of world.
Searchengineland have detailed some risks that Google faces and a couple are worth noting. Google recognises the fact more people are accessing the internet via ‘non traditional’ methods (PDA’s etc) so they need to make sure there technology is available on all platforms.
Also the risk to the quality of their index, Google search results, posed by spammers leaving users dissatisfied with the products and services.
I am particulalry encouraged that this is being taken seriously. Sometimes we get the impression, despite assurances to the contrary, that Google are taking their eye off the ball on what is their core product as they develop additional services and revenue streams.
Finally there is a nice note that: If we were to lose the services of Eric, Larry, Sergey or other members of our senior management team, we may not be able to execute our business strategy. And ‘the loss of any of our management or key personnel could seriously harm our business’.
So it looks like Larry and Sergy are still very much in the day to day running of Google, nice to know!