Google has reported 13% growth in fourth quarter profits, to $1.2 billion, with the number of paid clicks on advertisements up by 30% year on year.
For the full year 2007, Google said that its profits were up 40% to $4.2 billion.
Revenues from the UK totaled $692 million, representing 14% of revenue in the fourth quarter of 2007, compared to 15% in the fourth quarter of 2006 and 16% in the third quarter of 2007.
The figures were well below what analysts had expected and sent Google’s share price down by as much as 8% in unofficial after-hours trading.
Chief executive Eric Schmidt insisted the firm was “very, very pleased” with its progress and said he was “optimistic” about 2008.
“Advertising dollars are continuing to move from off-line to online – a trend that’s not going to reverse,” he said on a conference call.
Related Links
