The world’s favourite search engine, Google, almost doubled its profit in the third quarter as advertisers flocked in ever greater numbers to its rapidly growing network of websites.
Google last night announced that its earnings for the three months to September reached $733m (£390m), compared with $381m for the same period last year.
The company comfortably beat market expectations and in unofficial trading after the close of the stock market its shares jumped 7% to reach $459 -they floated at $85 two years ago.
Google’s chief executive, Eric Schmidt, said: “Business is very, very good here at Google. We’ve had an excellent quarter in all respects – especially internationally.”
Google picked out Britain and Germany as particularly fast growing markets. Global advertising revenue rose from $2.2bn to $4.3bn and staff numbers by 1,436 to 9,378.
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