Related Articles
Top Stories
May 23 2012 18:03
Facebook and banks are being sued by Facebook's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its initial public offering.
May 23 2012 15:59
Finance Minister Pravin Gordhan has made an unusual appeal to the Constitutional Court in a bid to set aside the high court order halting e-tolling.
May 23 2012 22:00
Economic liberation or the lack thereof is the most divisive issue in the country, according to a survey.
Mountain View, California - Google has posted third-quarter results indicating the Internet advertising market is bouncing back after being knocked down by the recession.
The figures released on Thursday were highlighted by a $1.64bn profit. That's the most money that the company has made during any three-month period in its 11-year history. Google earned $1.29bn at the same time last year.
Revenue for the three months ending in September climbed 7% to $5.94bn. That's internet search leaders fastest growth rate so far this year.
Both the earnings and revenue topped analyst estimates.
Google is considered a a good barometer for the state of internet commerce because its search engine serves as the hub of the web's largest adverting network.
- AP