Profits of Google Q3 jumps from 27 pct to $1.64 bn
New York: Internet search engine giant Google has reported a 27 per cent growth in net income at USD 1.64 billion for the third quarter on the back of higher advertising revenues.
The company had a net income of USD 1.29 billion in July-September last year, Google said in a statement. Google registered revenues of USD 5.94 billion for the quarter under review, an increase of 7 per cent over that in the third quarter of 2008.
"Google had a strong quarter -- we saw seven per cent year-over-year revenue growth despite the tough economic conditions. While there is a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and now feel confident about investing heavily in our future," Google CEO Eric Schmidt said.
Google-owned sites contributed 67 per cent to the total revenues, generating USD 3.96 billion in the third quarter against USD 3.67 billion in the same period last fiscal.
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