Google released third quarter earnings a few minutes ago. Above are the slides showing its results. Revenues jumped 23 percent to $7.3 billion. Net income was up 18 percent to $2.2 billion. On a non-GAAP basis, earnings per share rose slightly faster to $7.64. This blew away the consensus estimate of $6.67 among Wall Street analysts.
Google ended the quarter with with $33.4 billion in cash and 23,300 employees (300 of those came from acquisitions). Paid clicks were up 16 percent on an annual basis. Cost per click was up 3 percent. Non-search revenues for the quarter (which includes Google Apps for Enterprise) were $254 million, up 35 percent for a year ago, but slightly down from $258 million in the second quarter.
Google also offered some new numbers on some of its non-search businesses. Non-text search, including display ads from DoubleClick and YouTube ads, are on a $2.5 billion revenue run-rate. Google is putting ads on 2 billion video views a week. And mobile search is on track to be a $1 billion business this year.
Google provides search and advertising services, which together aim to organize and monetize the world’s information. In addition to its dominant search engine, it offers a plethora of online tools and platforms including: Gmail, Maps, YouTube, and Google+, the company’s extension into the social space. Most of its Web-based products are free, funded by Google’s highly integrated online advertising platforms AdWords and AdSense. Google promotes the idea that advertising should be highly targeted and relevant to users thus providing...