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Google stunned market with huge profit



google stunned

Google stunned everyone in the market by reporting a huge profit this year.

Google is beating everyone in the market by extending their business rapidly.

Net profit for the three months to June rose 36% on the same period last year to $2.5bn (£1.5bn), while revenues rose 32% to $9bn.

Google has launched their new social network with the name of Google+ in order to beat Facebook.

Google seems to win the race in attracting people from Facebook as they are receiving lot of response from their fans.

“We had a great quarter,” said Mr Page. “I’m super excited about the amazing response to Google+.”

Jordan Rohan, who is an analyst at Stifel Nicolaus, said the results were “well beyond expectations from Wall Street”.

“Clearly, the combination of mobile search, Android, ad exchange, YouTube, and the core search businesses, they’re all doing well,” he said.

“Google is no longer a one-trick pony. You might say six-trick pony if you count Google+.”


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