Google reported record fourth-quarter and full-year results last night, as Hitwise reported the company now controls 63 per cent of search traffic.
Announcing the results for the fiscal year ended 31 December 2006, Google CEO and Apple board member, Eric Schmidt, said: "Our impressive performance in the fourth quarter demonstrates the continuing strength of our business model across Google properties and those of our partners.
"Our growing organisation allows us to deliver ever increasing amounts of information and content to our users both through investments in search and ads as well as through strategic partnerships."
The company reported revenues of $3.21 billion for the quarter, an increase of 67 per cent compared to the fourth quarter of 2005 and an increase of 19 per cent compared to the third quarter of 2006.
GAAP net income for the fourth quarter of 2006 was $1.03 billion as compared to $733 million in the third quarter. Non-GAAP net income in the fourth quarter was $997 million, compared to $812 million in the third quarter.