Google sees profits rocket despite recession gloom

Courtesy guardian.co.uk Technology  Thu, 07/16/2009 - 14:43

Internet giant Google continued to shrug off the worst effects of the recession, announcing today that it had seen an 18% increase in profits for its last financial quarter.

In its latest financial results, the Californian technology giant posted net profits of $1.48bn (£901m) for the three months to the end of June, on the back of revenues of $5.52bn (£3.36bn).

While that marks just a 3% increase in revenues on the same period of 2008, net profit rocketed...


 

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