Google Profits

Type economic meltdown into the Google.com search engine and youll get no results.

Not really. But the Mountain View, California-based web giant is definitely not feeling the pinch. Google has reported larger-than-expected revenues of $5.54 billion in the quarter that ended September 30th, an increase of 31% a year ago.

Google reported net income for the third quarter of $1.35 billion, up 26% from year ago. Excluding certain charges, such as the cost of employee stock options, the company earned $4.92 a share, better than consensus estimates of $4.75 per share.

"While we are realistic about the poor state of the global economy, we will continue to manage Google for the long term, driving improvements to search and ads, while also investing in future growth areas such as enterprise, mobile, and display," said CEO Eric Schmidt said in a statement.

Shares of Google jumped more than 7% in after-hours trading.

Investors have been concerned about Google's performance, since its business relies heavily on advertising. Google's shares have fallen more than 36% over that time period as investors worried that cash-strapped businesses might stop spending on search advertising.

But the number of paid clicks registered by Google on its sites and through its AdSense advertising network grew 4% compared to the second quarter, and 18% compared to the same period a year ago.

Google thinks ad revenues might continue to rise through the downturn, as web ads are targetable and measurable.

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News & Politics

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• EmploymentCrossing.com videos google economy economic meltdown Google.com search engine
• net
• income
• third
• quarter
• shares
• stock
• market
• employee
• enterprise
• mobile
• investors

[MrAlphagodable]

Dang this vid is old, google stocks are about to split! there not down