Google profits rocket despite recession
(Guardian): 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.
Category: Business
