Economy

xchrom

(108,903 posts)

26. Google profits back on track as annual revenue hits record

Wed Jan 23, 2013, 10:05 AM

Jan 2013

http://www.bbc.co.uk/news/business-21153580

Google has reported a rise in profits with a jump in revenues, as it ploughed more money into advertising and research and development.

Net profit for the final three months of last year was $2.89bn (£1.83bn), up 7% on a year earlier. Revenues were up by more than a third at $14.4bn.

Google shares rose by almost 5% in after-hours trading, following the better-than-expected results.

Separately, computer maker IBM reported a modest rise in profits.

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