Google Revenue Rises 33 Percent

Tuesday, October 18, 2011 Label:
Google reported that profits in the quarter ended recently rose to 2.73 billion U.S. dollars. The increase was driven surge in online advertising revenue.

"We had a great quarter," said founder and chief executive of Google, Larry Page. "Revenue rose 33 percent year on year. Income quarter we were only slightly less than 10 billion U.S. dollars."

Google posted a 9.72 billion U.S. dollars revenue in the quarter ended September 30. Obtains most of its revenue from online properties owned by Internet company based in Northern California this.

Google's stock price jumped more than five percent to 588.50 U.S. dollars per share. This surge occurs after several hours of trading following the earnings release. The performance exceeded the expectations of Wall Street analysts.

Source : Antara
Do Changes © 2010 | Designed by Blogger Hacks | Blogger Template by ColorizeTemplates