Google Inc surprised analysts on Thursday (October 15), after reporting its largest ever quarterly profit in the company’s 11 year history – as demand for its online ads and e-commerce soared. Google saw its third quarter earnings jump 27% to US$1.64B or US$5.13 per share, up from US$1.29B or US$4.06 per share a year earlier.
Google, the world’s most popular Internet search engine, also experienced accelerating growth in revenue for the first time since the U.S. fell into recession in December 2007. Google’s stock closed at US$549.85, after adding 3.76% (or US$19.94).
Post a Comment