Google profits jump in 3Q

Google on Thursday reported a big jump in profits in the three months to September as its budding online social network blossomed and Android smartphones gained traction.

Google on Thursday reported a big jump in profits in the three months to September as its budding online social network blossomed and Android smartphones gained traction.

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Net income rose to $2.7 billion on the wings of online advertising revenue that soared to $9.7 billion in the third quarter, which ended September 30.

“The word that springs to mind is ‘gangbusters,’” Google co-founder and chief executive Larry Page said at the start of conference call with press and analysts.

Revenue was up 33% compared to the same quarter last year, with the bulk of the money being raked in at California’s web powerhouse’s online properties.