Advertising revenues lift Google

Google logoGoogle has pledged to ‘aggressively’ invest

Google’s latest quarterly results have beaten market expectations after it posted a 32% rise in profits.

The internet giant made a net profit of $2.17bn (£1.4bn) in the three months to 30 September, up from $1.6bn for the same period a year earlier.

Google thanked higher advertising revenues, but also the success of its newer businesses, such as its Android mobile phone operating system.

Its overall revenues were up 23% to $7.29bn.

Google chief executive Eric Schmidt said the company had enjoyed “an excellent quarter”.

He added: “Our core business grew very well, and our 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.”

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

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