Hiring boom continues at Google as shares soar on profit and revenue increases

Google's recently expanded Kirkland campus

Google engineer Steve Yegge may think some things are messed up at Google. But the search giant continues to deliver, with the company announcing today that net income for the third quarter blew by analysts estimates to $2.73 billion on net revenue of $7.51 billion. The stock is surging in after hours trading as a result, jumping more than six percent to $595.

CEO Larry Page said in a release that it was a “great quarter,” and stock analyst Colin Gillis told CNBC that “Christmas came early for Google shareholders.”

Page also touted the growth of Google +, the new social networking service that was the partial subject of Yegge’s widely-read rant. There are now more than 40 million people on Google+, with Page saying the numbers are growing rapidly.

The report comes amid big changes at Google, including its plan to gobble up Motorola Mobility.

But, despite the changes and big moves in mobile, Google is still very much a search advertising-based business. The company reported a 33 percent year-over-year revenue increase to $9.72 billion, largely on back of its advertising revenues.

At the end of September, Google — which employs about 1,000 people in the Seattle area — employed 31,353 wordlwide. That was up from 28,768 at the end of June. No wonder the company is expanding its real estate in the Seattle area.

Full earnings release can be found here.

And here’s a look at the slide deck that Google shared with investors today.

google_earnings_slides

  • Guest

    Congratulations to Google on another blockbuster quarter!

  • Guest

    Congratulations to Google on another blockbuster quarter!

  • Guest

    Tomorrow: Google $200 billion. MS $220. Can Google catch and surpass them by year end? I think maybe.

  • Guest

    Tomorrow: Google $200 billion. MS $220. Can Google catch and surpass them by year end? I think maybe.