Google profit jumps as revenue climbs

Google on Thursday reported that its quarterly profit jumped six percent amid a surge in revenues.
The California-based Internet titan said that its profit during the three months ending June 30 rose to $3.42 billion as compared with $3.23 billion in the same period last year.
"Google had a great quarter with revenue up 22 percent year on year, at $16.0 billion," chief executive officer Patrick Pichette said in an earnings release.
"We are moving forward with great product momentum and are excited to continue providing amazing user experiences, with a view to the long term."
Google shares rose nearly two percent to $584.10 in after-market trading that followed release of the earnings figures.