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Google’s Q1 2008 Grows 31%; Sticks it to comScore

Well so much for the comScore numbers!

While the research company had Wall Street in a panic, with its 1.8% paid click prediction for the quarter, Google tore that number to shreds with a whopping 20% growth in paid clicks!

Here are the full numbers from MarketWatch…

[Google] said net income for the period ended March 31 rose to $1.31 billion, or $4.12 a share, from $1 billion, or $3.18 a share, in the same period a year earlier. Meanwhile, revenue rose to $5.19 billion from $3.66 billion.

Excluding special items, Google said earnings for the period were $4.84 a share. Net revenue, or revenue minus payments made to other sites to acquire Internet traffic, came in at $3.7 billion. Analysts had estimated Google would post earnings excluding special items of $4.55 a share and net revenue of $3.61 billion, according to FactSet Research.

While its 31% net income and 20% paid click growth is down, compared to last year, it’s way better than we’d expected out of GOOG.

“Our ongoing innovation in search, ads, and apps helped drive healthy growth globally across our product lines, yielding another strong quarter,” Google Chief Executive Eric Schmidt said in the press release.

And here we were thinking the search engine didn’t know what it was doing, when it took measures to cut back on invalid clicks. It just goes to show, that you can never bet against Google.

I’d love to hear your thoughts about the numbers. Impressed? Disappointed? Will you trust comScore in the future?

  • rcjordan

    Well, I sure was wrong on the “Hit or Miss” thread.

  • http://widestep.com Keylogger Guy

    Google become stronger and stronger with each year. Can you imagine how it will grow after Yahoo purchasing. So i am not disappointed or impressed anyway. Common march of events, no more.

  • http://mp3leben.com Tiffany

    I tend to believe this news…Hard to make the wolf cry, especially by a little boy.

  • http://www.tealmontgomery.com Steve Teal

    Wow, Google sure knows how to do great business. With all those expensive acquisitions, they still manage an increase!

  • http://chasinggoogle.blogspot.com Elections guy

    Amazing how Google has managed to achieve such results along with market recession.

    Elections guy’s last blog post..South Park: Canada On Strike

  • http://www.thevanblog.com Steven Bradley

    I did predict some growth on the hit or miss thread, though nothing quite like what happened. Had the coin I flipped landed on its other side I would have been wrong.

    Shows that predictions based on limited data aren’t all that great.

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