Page last updated at 22:13 GMT, Thursday, 21 January 2010

Google sees revenues increase 17%

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Google enjoyed a strong October to December quarter.

Google saw its revenues increase 17% between October and December, as its advertising earnings rose strongly.

However, its shares fell 5% in after-hours trading, as the results came in at the lower end of market targets.

The US search engine giant enjoyed revenues of $6.67bn (£4bn) during the quarter, up from $5.7bn a year earlier.

Its net profit also shot up to $1.97bn, but a comparison with a year earlier is difficult because of a one-off charge in the last three months of 2008.

A year earlier Google's profit was only $382m, due to it having to write down $1bn to cover a fall in the value of its investments in internet group AOL and wireless service provider Clearwire.


"Given that the global economy is still in the early days of recovery, this was an extraordinary end to the year," said Google chief executive Eric Schmidt.

Google's net profit for 2009 as a whole rose 54% to $6.52bn.

The internet search engine has weathered the recession better than other advertising-dependent companies, and it was widely expected to be one of the first beneficiaries of an economic recovery.

Its results come after Google said earlier this month that it may pull out of China due to concerns that Chinese human rights activities were the victims of cyber-attacks.

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