This is starting to become a pretty boring earnings season…so far every company (with a few exceptions) is weighing in with impressive results. Google, a juggurnaut that some analysts have expected to flame-out, reported its Q1 06 earnings this afternoon showing extremely strong growth in both revenue and profits.
Google’s revenues jumped 79% year-over-year and 17% sequentially to $2.25 billion, Net income was $592 million, up 60% year-over-year and 59% sequentially. Operating margins improved by three percentage points sequentially to 33% in Q1 06.
As usual, the company didn’t provide guidance, but during Google’s earnings call, executives warned that margins will likely get compressed as time goes on and competition gets thicker. But that’s what Google always says.
| Selected Google Financial Data | |||||
| ($ in 000s) | |||||
| 1Q05 | 2Q05 | 3Q05 | 4Q05 | 1Q06 | |
| Revenues | $ 1,256,516 | $ 1,384,495 | $ 1,578,456 | $ 1,919,093 | $ 2,253,755 |
| % quarterly growth | 22% | 10% | 14% | 22% | 17% |
| Google Web Sites | $ 656,997 | $ 737,172 | $ 884,679 | $ 1,098,213 | $ 1,297,317 |
| % of total revenues | 52% | 53% | 56% | 57% | 58% |
| Google Network Web Sites | $ 584,115 | $ 630,242 | $ 675,012 | $ 798,573 | $ 928,376 |
| % of total revenues | 46% | 46% | 43% | 42% | 41% |
| Total Ad Revenues | $ 1,241,112 | $ 1,367,414 | $ 1,559,691 | $ 1,896,786 | $ 2,225,693 |
| % of total revenues | 99% | 99% | 99% | 99% | 99% |
| Licensing and Other Revenues | $ 15,405 | $ 17,081 | $ 18,765 | $ 22,307 | $ 28,062 |
| % of total revenues | 1% | 1% | 1% | 1% | 1% |
| Income from Operations | $ 442,770 | $ 475,698 | $ 529,171 | $ 569,640 | $ 742,699 |
| Operating Margin | 35% | 34% | 34% | 30% | 33% |
| Net Income | $ 369,193 | $ 342,814 | $ 381,182 | $ 372,208 | $ 592,291 |
| % quarterly growth | 81% | -7% | 11% | -2% | 59% |
Cynthia Brumfield at 6:42 PM|Comments(0)
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