Google posts huge profits

Internet tech specialist Google has reported third quarter profits of $2.2bn, which is 32 per cent up on the same period in 2009.

Sales for the period hit $7.63bn.

As a result of the numbers, which exceeded expectations, Google’s share price jumped nine per cent. 52 per cent of its revenue came from non-US markets.

Google’s AdSense program generated $2.2bn, up 22 per cent year-on-year, contributing 30 per cent of Google’s total revenue.

Google had an excellent quarter,” CEO Eric Schmidt stated. Our core business grew very well, and our newer businesses – particularly display and mobile – continued to show significant momentum. Going forward, we remain committed to aggressive investment in both our people and our products as we pursue an innovation agenda.”

About MCV Staff

Check Also

Google has announced that Stadia will shut down soon

Google is shutting down Stadia, according to an official blog post by Stadia VP and general manager Phil Harrison that went online yesterday