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Google profits and revenue surge in the third quarter

October 13, 2011 By: Dr Search Principal Consultant at the Search Clinic Category: Google, Mobile Marketing, Pay Per Click, Search Engine Marketing, search engines, smart phones, Social Media, Technology Companies, Uncategorized

Google has reported a large rise in profits and sales in the three months to September.Google profits and revenue surge in the third quarterThe search engine said net income in the third quarter surged 26% to £1.74 billion, up from £1.44 billion in the same period of last year.

Earlier this year, Google launched Google+, a social network to take on Facebook.

“People are flocking into Google+ at an incredible rate,” claimed Google head Larry Page.

The profits were well ahead of market expectations, and shares in the company rose 6% in trading after the market closed.

This is the fourth successive quarter that the company has increased it’s sales income.

Sales revenue rose 33% to £6.48 billion ($9.72 billion) – just shy of having a quarterly turnover of $10 billion.

Mr larry Page said “We had a great quarter,” he said. “Google+ is now open to everyone and we just passed the 40 million user mark.”

Facebook by comparison has around 800 million users.

As well as generating money through advertising based on search, Google also makes the increasinly popular Android mobile phone operating system.

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