15 Jul 2011

Google profits and revenue up

11:05 am on 15 July 2011

Google has reported a large rise in profits and revenue.

Net profit for the three months to June rose 36% on the same period last year to $US2.5 billion, while revenues rose 32% to $US9 billion.

Shares in Google surged 11% in extended trading on Thursday.

Last month, Google launched its social networking site Google+, in an attempt to take on Facebook.

The BBC reports the results were the first under chief executive Larry Page, who replaced Eric Schmidt in April. Mr Schmidt had held the role for 10 years.