Google reports climb in profits

e14news — Fri, 08 Oct 2021 04:09:01 GMT

Current Revision posted to Documents by e14news on 10/8/2021 4:09:01 AM
Internet search engine giant Google has announced a significant increase in profits in the three months to September.

According to the US-based firm, net income in the third quarter climbed 26 per cent to $2.73 billion (£1.74 billion).

This figure is up from $2.17 billion in the same period in 2010, wireless communication device users may be among those interested to know.

Further to this, Google announced that its revenue rose 33 per cent to $9.72 billion, which means that the firm achieved a quarterly turnover just shy of $10 billion.

"We had a great quarter," explained Larry Page, who replaced Eric Schmidt as CEO in April.

He also hailed the influence of Google+, a social network that the firm hopes will rival Facebook.

"Google+ is now open to everyone and we just passed the 40 million-user mark," Mr Page commented.

The internet giant is also responsible for making the Android mobile phone operating system, which features on HTC handsets.

Posted by Andre Dixon