David Kirkpatrick

October 16, 2008

Google’s profit up over 25%

Filed under: Business — Tags: , , , — David Kirkpatrick @ 4:16 pm

Big Q3 numbers for Google.

From the WSJ link:

Google Inc.’s quarterly profit rose 26% as revenue jumped with strong demand for online search advertising despite the turbulent U.S. economy.

The Mountain View., Calif., search giant Thursday posted third-quarter net income of $1.35 billion, or $4.24 a share, up from $1.07 billion, or $3.38 a share, in the same period last year.

Revenue jumped 31% from a year earlier to $5.54 billion. Excluding traffic acquisition costs, or commissions paid to marketing partners, the search giant’s revenue rose 34% to $4.04 billion.

Google’s U.S. paid clicks–which includes clicks related to ads served on Google’s site as well as partner sites–grew 18% from a year earlier.

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