15 Oct 2010

Google quarterly profit up 32%

1:48 pm on 15 October 2010

Google has posted a 32% rise in profits for the latest quarter.

The giant internet company made a net profit of $US2.17 billion in the three months to 30 September, up from $US1.6 billion for the same period a year earlier.

Overall revenues were up 23% to $US7.29 billion.

Google chief executive Eric Schmidt said the company had enjoyed "an excellent quarter".

However, the BBC reports operating expenses totalled $US2.2 billion in the third quarter, up from $US1.64 billion a year ago.

Google said 16% more computer users clicked on advertisements on its website during the past three months than they did a year earlier, and that it was charging companies more to list their adverts.