Google reports large profit increase

Internet giant sees 36% year-on-year increase in profits

Tags: Google Incorporated
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Google reports large profit increase Google has seen a strong response to its socail network Google+ says Page. (Getty Images)
By  Georgina Enzer Published  July 17, 2011

Google has reported a large increase in profits and revenue, with net profit in the three months to June increasing 36% year-on-year to $2.5 billion, while revenues rose 32% to $9bn.

The results were the first to come in under new chief executive Larry Page, who replaced Eric Schmidt in April and will reassure investors that the company is thriving under his leadership.

"We had a great quarter," said Page. "I'm super excited about the amazing response to Google+."

Shares in Google soared by 11% in extended trading, according to the BBC.

Google launched its Google+ social networking site last month in an attempt to over throw Facebook's hold on the sector.

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