Google profit climbs on rising revenue

Google on Thursday reported that its profit in the recently ended quarter climbed to $2.73 billion on the wings of soaring online advertising revenue.

By Nuclear Power Daily Editorial Team · Editorial process

Published October 12, 2011

Google on Thursday reported that its profit in the recently ended quarter climbed to $2.73 billion on the wings of soaring online advertising revenue.

"We had a great quarter," said Google co-founder and chief executive Larry Page.

"Revenue was up 33 percent year on year and our quarterly revenue was just short of $10 billion," he added.

Google took in $9.72 billion in revenue in the quarter that ended September 30, with the bulk of the money being raked in at online properties owned by the Northern California-based Internet powerhouse.

Google stock price jumped more than five percent to $588.50 a share in after-hours trading that followed release of the earnings report.

The performance topped expectations of Wall Street analysts.

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Nuclear Power Daily Editorial Team

The Nuclear Power Daily Editorial Team produces content across our two editorial pillars: space industry news and Mind & Meaning. We cover launches, missions, satellites, defense, and the technology of getting humans to space, alongside the psychology of ambition, isolation, and meaning under extremes. Articles reflect our team's collective editorial process, source verification, drafting, technical review, and editing, rather than a single writer's work. Nuclear Power Daily takes editorial responsibility for content under this byline. For more on how we work, see our editorial policy.