Google’s Q3 revenue jumps 23% with a net profit of $2.17 billion

Oct 16th, 2010 Business, Featured News. RSS 2.0.

google q3 results Google’s Q3 revenue jumps 23% with a net profit of $2.17 billionGoogle’s revenues have jumped to 7.3 billion dollars in the third quarter of 2010 up 23% a year ago, according to investor.google.com.

Google’s net profit in July-September amounting to 2.17 billion dollars, about 32% more than the profit for the same period in 2009, is also the maximum figure in the company’s history. The main source of Google’s revenue was the placement of advertising on websites that belong to the company 4.8 billion. Advertising from affiliate sites of Google Network Corporation earned 2.2 billion, revenue from other sources – $ 250 million.

Since the start of this year, Google has earned 20.8 billion dollars.

CEO Eric Schmidt announced that Google’s spending is going to continue in the near future and this saw Google (GOOG) shares surging 9% to $590.60 after company’s 3Q results were announced.

“Going forward, we remain committed to aggressive investment in both our people and our products as we pursue an innovation agenda,” said Google CEO Eric Schmidt in a statement.

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