Google sees profits almost double

Google has seen its year-on-year third-quarter profits almost double, rising from $391m (£202m) in 2005 to $733m (£390m) for the past three months.

The search giant's revenues also rose dramatically, up 70% from last year to $2.7bn (£1.43bn), citing advertising as a major source of the company's growth.

"Our third quarter results are a testament to the strength of our network of advertisers and partners, as well as our continuing focus on users," said Google chief executive Eric Schmidt.

Last week Google bought leading video sharing website YouTube for $1.65bn (£880m), as it ups its focus towards sectors away from its traditional search roots.

News source: NMA

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