Google's quarterly revenue, profits increase
Updated 1:30pm PDT with a few additional details, and again at 2:40pm following the conference call.
Google's revenue grew more strongly than expected during its third fiscal quarter, in a sign that ad spending is getting back on track.
Excluding traffic acquisition costs of $1.56 billion paid to Google partners, the company reported revenue of $4.38 billion, exceeding analyst estimates of $4.24 billion and backing up CEO Eric Schmidt's recent statements that Google was seeing more spending from advertisers. Overall revenue was $5.94 billion for the period ending September 30, an increase … Read more