Saturday, October 19, 2013

Google Stock Surges On Gains in Profit, Revenue

SAN FRANCISCO: Google same weekday its quarterly profit jumped to $2.97 billion on rising revenue, inflicting the web giant's stock to climb in after-market trades.

Google same that it took in revenues of $14.89 billion within the quarter that complete on September thirty. The Calif. company's stock leapt quite six % to $943 a share in late trade.

Profits were up thirty six % from a similar amount a year past and flat-top expectations. Revenues additionally beat forecasts with a twelve % jump year-over-year.

?Google had another robust quarter with $14.9 billion in revenue and nice product progress,? chief government Larry Page same during a statement.
"?We area unit closing in on our goal of a stunning, simple, and intuitive expertise no matter your device.?

The number of paid clicks on ads served up at Google websites or those of related to on-line venues was up twenty six % from a similar quarter last year.

Google according that regarding eight % of its revenue within the recently-ended quarter was from French telephone maker Motorola Mobile during a drop from what the Google-owned operation took in throughout a similar amount last year. The unit recorded AN in operation loss of $248 million within the past quarter. (AFP)

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