Google Q3 profits up 46 per cent

By

Googlehas beaten Wall Street expectations, reporting a 46 per cent rise in profits for the third quarter thanks to increased market share and tighter control on expenses..

Google Q3 profits up 46 per cent
Profits for the quarter rose to US$1.07bn, compared to US$733.3m for the same quarter last year. Overall revenue was US$4.23bn, a rise of 57 per cent on last year.

"We are very pleased with the impressive growth we experienced across our business," said Google chief executive Eric Schmidt.

Google shares rose around one per cent in response to the news to reach US$645.18 on the Nasdaq.

Internationally, Google accounts for more than 70 per cent of the audience for web searches, according to research firm comScore.

The company’s growth rates are currently four to five times faster than rivals Yahoo and Microsoft.
Got a news tip for our journalists? Share it with us anonymously here.
Copyright ©v3.co.uk
Tags:

Most Read Articles

CBA AI 'voice bot' deployment linked to review of 45 roles

CBA AI 'voice bot' deployment linked to review of 45 roles

CBA using facial recognition logins to verify disputed payments

CBA using facial recognition logins to verify disputed payments

ANZ's group executive of technology Gerard Florian to retire

ANZ's group executive of technology Gerard Florian to retire

ANZ consolidates operational risk into ServiceNow

ANZ consolidates operational risk into ServiceNow

Log In

  |  Forgot your password?