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October 14, 2010

Google Q3 revenue rises 22.5% to $7.3bn

Posts net income of $2.1bn

By CBR Staff Writer

Google has reported total revenues of $7.3bn for the third quarter of 2010, an increase of 22.5% compared to $5.9bn for the same quarter in 2009.

The company’s operating income for the third quarter was $2.5bn as compared to $2.07bn for the same period last year.

Google has posted income before income taxes of $2.7bn for the quarter as compared to $2.06bn of Q3 FY09.

For the quarter ended 30 September 2010, the company has posted net income of $2.1bn, or $6.72 per share, as compared to $1.6bn, or $5.13 per share, for the same period last year.

Google CEO Eric Schmidt said the company’s core business grew very well, and its newer businesses particularly display and mobile continued to show significant momentum.

"Going forward, we remain committed to aggressive investment in both our people and our products as we pursue an innovation agenda," Schmidt said.

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