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Google revenue up and looking to invest

Google - green shoots
Google - green shoots

Google has reported a strong quarter and a 7 per cent year-on-year revenue growth, as the technology industry continues to see the emergence of green shoots.

The internet giant has already buoyed confidence with a series of high-profile declarations that things are on the up, and that has been borne out by third-quarter financial results.

Google reported revenues of $5.94 billion (c£3.65bn) for the quarter ending September 30, some 7 per cent up on the same quarter in 2008.

Strong quarter

"Google had a strong quarter--we saw 7% year-over-year revenue growth despite the tough economic conditions," said Eric Schmidt, CEO of Google.

"While there is a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and now feel confident about investing heavily in our future."

Patrick Goss is the ex-Editor in Chief of TechRadar. He is a passionate and experienced journalist, and he has been lucky enough to work on some of the finest online properties on the planet, building audiences everywhere and establishing himself at the forefront of digital content.