Technology20.10.2006

Google profits double

The third-quarter profit grew from 381 million dollars in the same period last year, a 92 percent rise.

Excluding special items, the profit amounted to 2.62 dollars per share, topping Wall Street estimates of 2.42 dollars.

Revenues jumped 70 percent from a year ago to 2.69 billion dollars.

"Our third-quarter results are a testament to the strength of our network of advertisers and partners, as well as our continuing focus on users," said chief executive Eric Schmidt.

"We were particularly pleased with the contributions of our international business in a seasonally weaker quarter," he said.

"In addition, we continued to forge significant partnerships with companies such as eBay, Fox Interactive Media, and Intuit that will be of great value to all involved."

Google has been charging past its rivals like Yahoo in the market for Internet search, while garnering more revenues from "sponsored" advertising, which gives users corporate links related to search terms.

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