Google posts strong Q4 growth in revenue, net income

Google Inc. saw its revenue and net income grow significantly in its fourth quarter, as the search engine giant's ad sales continued to climb both on its Web sites and on its ad network partners' Web sites.

Google closed the quarter, ended Dec. 31, with US$1.032 billion in revenue, up 101 percent compared with 2003's fourth quarter, the Mountain View, California, company said in a statement. Meanwhile, the company generated $204.1 million, or $0.71 per share, in net income, up from $27.3 million, or $0.10 per share.

"Google had an exceptional quarter," Eric Schmidt, Google's chief executive officer, said in the statement.

(More to come.)

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