California, Oct 17: Google on Friday, Oct 17 announced its third quaterly results reporting an increase of 31 per cent in the net profit compared to the third quarter of 2007 and a 3 per cent surge compared to the second quarter of 2008. The revenues for the quarter ended Sep 30, 2008 was $5.54 billion.
We had a good third quarter with strong traffic and revenue growth across all of our major geographies thanks to the underlying strength of our core search and ads business. The measurability and ROI of search-based advertising remain key assets for Google," said Eric Schmidt, CEO of Google. "While we are realistic about the poor state of the global economy, we will continue to manage Google for the long term, driving improvements to search and ads, while also investing in future growth areas such as enterprise, mobile, and display.", he added.