Internet giant Google's profits jump 60 pc over corresponding period last year

   Apr 13, 11:05 am

Washington, April 13 (ANI): Internet giant Google has announced a large jump of 2.89 billion dollars in its profits last quarter, a rise of 60 percent from the same period last year.

The profits and sales made by Google have led to an effective doubling of its shares.

Google said that its quarterly profits exceeded 10 billion dollars, with revenues from the UK at 1.15 billion dollars.

According to the BBC, Google said that its profits rose by 39 percent from the first quarter of 2011 from paid clicks, or people who clicked on ads on Google and its partner sites.

The firm will create a new class of non-voting stock and effectively split the shares two-for-one.

The owner of each existing share will receive one new share of the non-voting stock.

Chief executive of Google, Larry Page, said that the company made tremendous profits from the big bets it made in products like Android , Chrome and YouTube.

He also said that the company had no further plans of any acquisitions and that it was only in its initial stage of growth.

Last year, Google launched Google+, a social network to rival Facebook. (ANI)

Study says India's entertainment industry to clock over Rs 227,000 crore by 2018 Sep 16, 5:23 pm
New Delhi, Sept. 16 (ANI): India's entertainment and media sector is expected to grow steadily over the next five years as per CII-PwC's latest report titled India Entertainment and Media Outlook 2014.
Full Story
Axis bank joins ETC implementation plan of road transport and highways ministry Sep 16, 5:00 pm
New Delhi, Sept.16 (ANI): Indian Highways Management Company Limited (IHMCL), an NHAI promoted company and Axis Bank have signed an agreement for the provision of Central Clearing House (CCH) services and sale of FASTag, for the Electronic Toll Collection (ETC) at the Toll Plazas on the National Highways.
Full Story
OECD says slow eurozone holding back global economy Sep 16, 4:45 pm
London, Sep 16 (ANI): The Organisation for Economic Co-operation and Development (OECD) says that a slow recovery among countries using the euro is a factor hindering global economy.
Full Story
Biodiversity informatics vital for sustainable growth: Prakash Javadekar Sep 16, 2:53 pm
New Delhi, Sep. 16 (ANI): Minister for Environment, Forests and Climate Change, Prakash Javadekar today said that the concept of sustainability was an integral part of Indian ethos which ensured balanced approach to issues pertaining to conservation, access and growth.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY