Google profits soar

News

Google profits soar

Antony Savvas

Google has reported substantial increases in sales and profits for 2004.

Annual sales were £1.77bn - an increase of 118% compared with 2003 - and operating profits jumped 87% to £355m.

Google’s results reflect a rapidly developing commercial search market, which is currently estimated to be worth around $5bn a year. The company is the market leader.

Google’s success has spurred the likes of Microsoft, AOL and Yahoo into developing their own commercial search offerings.

Microsoft this week launched its new MSN Search engine to help increase its estimated 10% share of the commercial search market.

Related Topics: IT strategy, VIEW ALL TOPICS

Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.
 

COMMENTS powered by Disqus  //  Commenting policy