Google Q4 profit soars five-fold to $1.97 billion | business | Hindustan Times
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Google Q4 profit soars five-fold to $1.97 billion

business Updated: Jan 22, 2010 20:24 IST

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Internet search engine Google has reported a five-fold jump in net income at $1.97 billion in October-December quarter, driven by robust sales figure due to rebound in advertising market.

In the year-ago period, the company had a net income of $382 million, Google said in a statement.

Google's sales clocked a double digit growth in the quarter under review as revenue rose by 17 per cent to $6.67 billion.

"Google had a strong fourth quarter, with 17 per cent year-over-year revenue growth. Given that the global economy is still in the early days of recovery, this was an extraordinary end to the year," Google CEO Eric Schmidt said.

The company's sales boosted on the back of a rebound in advertising market.