Google's Sales Up 93% In 2005

SAN JOSE, Calif. — Search engine specialist Google Inc. reported revenues of $1.919 billion for the quarter ended Dec. 31, an increase of 86 percent compared to the fourth quarter of 2004 and an increase of 22 percent compared to the third quarter of 2005.

GAAP net income for the fourth quarter was $372 million as compared to $381 million in the third quarter. GAAP EPS for the fourth quarter was $1.22 on 304 million diluted shares outstanding, compared to $1.32 for the third quarter, on 290 million diluted shares outstanding.

In the like period a year ago, Google posted a profit of $204.1 million, or $0.71 per share.

For the year, Google reported total revenues of $6.139 billion, an increase of 92.5 percent over revenues of $3.189 billion in 2004. GAAP net income for 2005 increased to $1.465 billion, from $399 million in 2004.

"We are very pleased with our results for the fourth quarter as we achieved excellent performance across our businesses," said Eric Schmidt, CEO of Google (Mountain View, Calif.), in a statement. "We generated significant revenue growth in our core search and advertising business, driven by continued strength in traffic and monetization. We will continue to invest significantly as we develop innovative new products and as we extend our core technologies to new user access points and to different channels."