Google profits double

Google just announced a very strong quarter. The internet search engine said it had net income of $721m, or $2.33 per diluted share, up from $343m a year earlier. Wall Street had expected earnings of $1.94 per share. Earlier this week Yahoo had announced lower than expected earnings.

It’s noted in the article that 99% of Googles income is from advertising. AdSense and their other services have been around for quite a while now, so to see a spike like this is interesting. Since Checkout seems to be taking off, that 99% may sway a little bit in the next quarter.