Google Says Internet Advertising Picked Up Steam in Third Quarter

 Google says its advertising business picked up in Q3.

  • Revenue increased 7% from last year to $5.94 billion, comparing to 3% year-over-year
  • Revenue was up 8% sequentially after being flat from Q1 to Q2
  • Net income rose 27% to $1.64 billion
  • Google is ready to start investing again, hire, pursue acquisitions and partnerships.
"[...] we believe the worst of the recession is behind us [...]" said Google Chief Executive Eric Schmidt

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