Google Reports Increased Profits? Go Figure.

Tuesday, July 31, 2007

Google Reports Increased Profits? Go Figure.

Posted By James Sadler

Google reported revenues of $3.87 billion for the quarter that just ended on June 30, 2007. That’s an increase of 58 percent from the same time last year, and an increase of six percent compared to the first quarter of 2007.

The company said it expects to continue to do well this year.

Really? They expect to do well? That’s like me saying I expect my kids will bug for a new Bratz doll this week.

Seriously, Google continues to amaze with their continuous revenue and profit growth. At some point you have to expect that the day will come when they actually regress a bit, but that day seems to be a very long way off.

A few skeptics on Wall Street keep saying the day will come when Google can’t keep it up and the stock collapses, but the true test for the prescience of these Chicken Littles is for them to actually tell us when Google will stumble.

Despite those skeptics, I don’t know if you follow the stock market, but I’m pretty sure no one is shorting the stock right now.

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