Google Sees 27% Jump in Q3 Profit
The economic downturn is over.
Well, if you’re the world’s top seller of Internet search advertising, it’s over.
Google said Thursday that its third-quarter profit rose 27 percent over a year ago to $1.64 billion as revenue climbed 7 percent to $5.94 billion.
“The worst of the recession is clearly behind us,” CEO Eric Schmidt said during a conference call with analysts Thursday. “We now have the confidence to be optimistic about our future.”
That includes hiring more people, investing more money in technological innovations and acquiring smaller companies.
Google,
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