Thursday, July 20, 2006
Google Inc. beat analysts predictions by doubling its second-quarter profit as it leverages its dominance of Internet advertising and search.
Google said it earned $721.1 million during the second quarter, a $378.3 million jump over the same period last year. Net income in the first quarter of 2006 totaled $592 million.
Second quarter revenues totaled $2.46 billion, a 77-percent increase over the same period in 2005.
The company said it expected 2006 capital expenditures to be "substantially greater" than its annual revenue growth rate. Investments will focus on IT infrastructure, including servers, networking equipment and data centers.
By: DocMemory
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