Google has reported a 32 per cent jump in net income to $2.16 billion for the July-September quarter of the year, as the Internet search titan benefited from display and online advertising.
In the year-ago period the company had a net income of $1.63 billion, Google said in a statement.Google's revenues rose to $7.29 billion for the third quarter ended September 30, 2010, from $5.94 billion in the same quarter last fiscal, thus registering a gain of 23 per cent.
"Google had an excellent quarter," the company's CEO Eric Schmidt said.
Schmidt further said, "Our core business grew very well, and our newer businesses -- particularly display and mobile -- continued to show significant momentum. Going forward, we remain committed to aggressive investment in both our people and our products as we pursue an innovation agenda."
The company's share rose about 9.6 per cent to $590 in the extended trading yesterday on the Nasdaq Stock Market after the company reported a strong quarter numbers. It ended the day at $540.93.
Paid clicks, a measure of how frequently users click on Google's ads, grew 16 per cent in the third quarter compared with a year earlier. The average price that marketers paid Google per click rose three per cent from a year ago period.
Google-owned sites and Google's partner sites generated revenues of $4.83 billion and $2.20 billion, respectively, which was an increase of 22 per cent each against the third quarter revenue in 2009.
The search engine has posted a high revenues of $3.77 billion from outside of the US totalled and this was an hike of 52 per cent from the third quarter revenue of 2009.
During the quarter, the company's workforce has increased to 23,331 full-time employees, up from 21,805 employees as of June 30, 2010.
