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Google profits higher than expected

16th July 2011

Google are reporting a hugh rise in profits reports the BBC this week. 
stock image The internet giant has reported giant profits with their net profit rising by 36% on the same period last year.  Thats $2.5billion.  In late June 2011 Google launched a new social networking tool called Google+, expected to take on the established social media company Facebook. 

Shares in Google surged yesterday by 11% during an extended trading session.  The new results show that google is thriving under the leadership of new CEO Larry Page who took over from Eric Schmidt in April 2011.

With so many strings to Google’s bow and the addition of Google+ one market analyst said Google is “no longer a one-trick pony, You might say six trick pony if you count Google+”.

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