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Google profits rocket despite recession

The Guardian Writes:

Internet giant Google continued to shrug off the worst effects of the recession, announcing today that it had seen an 18% increase in profits for its last financial quarter.

In its latest financial results, the Californian technology giant posted net profits of $1.48bn (£901m) for the three months to the end of June, on the back of revenues of $5.52bn (£3.36bn). While that marks just a 3% increase in revenues on the same period of 2008, net profit rocketed by 18% - up from $1.25bn for the second quarter of last year.

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guardian.co.uk
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