Friday, 22 January 2010

BBC News - Google sees revenues increase 17%

Google saw its revenues increase 17% between October and December, as its advertising earnings rose strongly.

However, its shares fell 5% in after-hours trading, as the results came in at the lower end of market targets.

The US search engine giant enjoyed revenues of $6.67bn (£4bn) during the quarter, up from $5.7bn a year earlier.

Its net profit also shot up to $1.97bn, but a comparison with a year earlier is difficult because of a one-off charge in the last three months of 2008.

A year earlier Google's profit was only $382m, due to it having to write down $1bn to cover a fall in the value of its investments in internet group AOL and wireless service provider Clearwire.

BBC News - Google sees revenues increase 17%
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