Google Announces Increased Profit and Revenue



Reuters has details of Google’s Q3 announcement

…quarterly profit rose 92 percent as the company tightened its grip on the Web search market.

Net income for the third quarter grew to $733.4 million, or $2.36 per diluted share, compared with the year-earlier quarter’s $381.2 million, or $1.32 per share.

Gross revenue rose 70 percent to $2.69. Excluding traffic acquisition costs of $825 million, the financial cut which affiliated Web sites receive for featuring Google advertising, revenue rose to $1.87 billion.