Google announces jump in profits

Name: Google announces jump in profits
Uploaded: 2010-10-15T05:23:03.000Z
Description: The search giant Google posted a 32 percent jump in profits to make almost $2.2 billion in last three months, much better than investors were expecting.

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The search giant Google posted a 32 percent jump in profits to make almost $2.2 billion in last three months, much better than investors were expecting.

Google's chief executive Eric Schmidt said they'd had "an excellent quarter" thanks to higher advertising revenues, but also newer businesses are taking off like the Android mobile phone operating system.

Colin Gillis, Senior Technology Analyst at BGC Financial, says the company is investing in a wide range of products away from the internet search facility.

Michelle Fleury reports.

Business

15 October 2010