Google revenue up and looking to invest

Schmidt ebullient after latest report

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."


Global Editor-in-Chief

Patrick (Twitter) is Global Editor-in-Chief for techradar, and has been with the site since its launch in 2008. He is a longstanding judge of the T3 Awards, been quoted or seen on everything from the The Sun to Sky News and is on the #CoolBrands Council. He started his career in football, making him one of approximately one journalists to have covered both a World Cup final and an iPhone launch.