Google’s Q3 Report: $5.94 billion with a 7% Growth in YoY Revenue

Google’s Q3 financial report is extremely uplifting with the company tiding over most of the recession problems. Revenue of $5.94 billion was reported for the quarter that ended on September 30th of this year which indicated a growth of 7 percent when compared to the financial report of the third quarter in 2008. The revenues reported by Google are consistent with GAAP with traffic acquisition costs totaling $1.56 billion.

At a glance, the total revenue from all the Google-owned sites is $3.96 billion which is a whooping 8 percent increase when compared to last year. The partner sites of Google generated total revenue of $1.80 billion which is 7 percent higher than last year’s figures. The International revenues of Google outside the United States totaled $3.14 billion which is 2 percent higher than the third quarter results of last year and revenues from the United Kingdom totaled $765 million.

According to a statement made by Google’s CFO Patrick Pichette, the company is planning to start hiring once again and resume its investment plans especially in the sectors of engineering and sales. Nikesh Arora, President of Global Sales Operations of Google reported about the enormous growth of YouTube advertising and also cited several UK deals which are in progress to bring full-time television programming to the website.

Jonathan Rosenberg, Product SVP spoke about the various investment plans and long term bets of the company and also discussed about the new AdWords interface and infrastructure. He also discussed in length about Search Options, Chrome, Chrome Frame and the DoubleClick ad exchange program of Google.

Google officials are looking up to a good and promising quarter where they will be able to fund headcount growth and are also looking forward to hiring some great brains. No questions were asked or no comments were given about the anti-trust or Book Search Settlement deal of Google.

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