Friday, October 15, 2010

GOOGLE POSTS VERY STRONG Q3 REVENUE

Yesterday, Google announced its Q3 results and they were impressive.  Revenues jumped 23% to $7.29 billion with a net income of $2.17 billion.  The giant G also reported cash of $33.4 billion.  Employees also increased approximately 1,500 from the previous year to 23,331 full timers.  Google's stock price was down 0.44% at end of trading on Thursday, but rebounded 8.9% in after hours trading, about $49 per share. [BGR]

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