Google has reported revenue of $3.87 billion for its second quarter 2007 fiscal results, a 58 percent increase compared to the same period last year. From this figure, Google officials say $1.15 billion was from traffic acquisition costs, or TAC. However, not all of Google’s numbers surpassed analysts’ expectations. The Internet search engine also announced a drop in its GAAP net income from $1 billion for the first quarter of 2007, to $925 million for this period. In addition, Google reported its earnings-per-share (EPS) also fell from $3.18 for the first quarter of 2007 on 315 million diluted shares outstanding to $2.93 on 315 million diluted shares outstanding. However, Google officials say they believe their performance indicates the company’s strength in its core search and ads business and will remain focused on providing “rich user experiences to Google users around the world.”

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