Google raises its revenue in Q2 by 24 pc

New York, Jul 16: With the improving demand for online advertising, Google succeeded to post 24 per cent rise in its second quarter profit.

The company had registered a profit of $ 1.48 billion in the second quarter of 2009.

Eric Schmidt, Google CEO said, "solid growth in our core business and very strong growth in our emerging businesses drove 24 per cent revenue growth year-over-year."

He also added, "we saw strength in every major product area, as more traditional brand advertisers embraced search advertising and as large advertisers increasingly ran integrated campaigns across search, display and mobile."

"We feel confident about our future and plan to continue to invest aggressively in our core areas of strategic focus," included Schmidt.

Advertising revenues of Google grew by about 22 per cent in the second quarter of 2010.

"We expect to continue to make significant capital expenditures," said the Google personnel.

OneIndia News