Google Q3 revenue and profits up

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Google is enjoying a period of solid business growth if its third quarter results, which show revenue and profits up by 57 per cent and 46 per cent respectively, are anything to go by.

The results for the period ending 30 September show that revenue has jumped from $2.69 billion (£1.31 billion) to $4.23 billion (£2.06 billion), compared to 2006's Q3 results, while profits have been equally buoyant moving from $733.4 million (£358 million) a year ago to $1.07 billion (£522 million) today.

Google Sites revenues totaled $2.73 billion (£1.33 billion), while the amount of money generated by the company's partner sites through AdSense came in at $1.45 billion (£707 million) for the quarter. Furthermore, the volume of paid-for-clicks shut up by 45 per cent during the three month period compared to 2006's Q3 figures.

"We are very pleased with the impressive growth we experienced across our business," said Eric Schmidt, Google's chief executive. "Our core search advertising business experienced continued momentum driven by growth in monetisation and traffic, and we are creating a wider and deeper ads system through our focus on innovation, bringing more ad formats to our advertisers."

There is certainly an international flavour to Google's success during the quarter, with 48 per cent of its revenue coming from outside the US. More specifically, the UK has played an important role in revenue generation, accounting for 16 per cent of revenue during the quarter totaling $661 million (£322 million).

"Our efforts to offer more products and services in international markets as well as effectively grow our technology infrastructure and add to our deep talent base during the quarter helped to deliver growth by enabling Google to reach more users around the world."

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