Google has revealed a 9.8 per cent rise in UK profits, hitting £523m.
Google’s revenues have already passed $20billion so far this year. Net income has surged by 32 per cent to $42.2bn.The company is now sitting on $33.4bn in cash.
However, the company was reluctant to reveal the financial results of YouTube, which has had its profitability questioned since Google purchased the site.
This article appears in issue 257 of Media Digest.