• by Shankar Gupta , February 1, 2007

Search giant Google had another record quarter--taking in $1.03 billion in profits, or $3.29 per share, the company reported Wednesday. Earnings beat analysts' estimates of $2.92 a share and far surpassed the $372.2 million earned in the last quarter of 2005.

Revenue from Google Web sites running AdWords paid keywords totaled $1.9 billion--up from $1 billion for the same period in 2005. Ads on the Google AdSense network contributed $1.1 billion--up from nearly $800 million in the fourth quarter of 2005.

During a call with media and analysts, Google executives said it was too soon to judge the success of its outreach into other media, including its newspaper initiative, ads on Google Video, and radio ad test. "It's early to tell on most of these initiatives, but we're making great progress with the appetizers," said Omid Kordestani, senior vice president of global sales and business development for Google.

Eric Schmidt, Google's CEO, hinted that Google will pursue more content partnerships like the one forged with MySpace in October 2006. Our partnerships are growing very nicely," he said. "MySpace, Apple, Samsung, China Mobile, others we haven't mentioned--all doing well, with many more content partnerships coming in 2007."