Google aims for $100 billion revenue

Posted on Thursday, March 02 2006 @ 21:29 CET by Thomas De Maesschalck
Google's ambition is to become a $100 billion revenue company, CEO Eric Schmidt said. He claims Google is putting systems in place to help reach that scale during 2006:
"I'll leave it to you to judge whether that is $100 billion in market capitalisation or revenue," Google Chief Executive Eric Schmidt said when discussing priorities for 2006. As of Wednesday, Google's market capitalisation was over $111.5 billion.

Priority goals also include improving the quality of its core Web search and advertising businesses, boosting the size of its Internet audience and expanding the number of products, services and business partnerships, he said.

"It looks to us like international growth is very strong and likely to remain so for a very long time," he said.
More info at Reuters.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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