Home / Business / Retail / Google posts huge profits

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

Super Mario Maker 2 takes third consecutive No.1

Dragon Quest Builders 2 debuted at No.5, with 67 per cent of the sales going to Switch and 33 per cent to PS4