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Google profit jumps 18% in second quarter
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The Internet giant earned 1.48 billion U.S. dollars in the quarter, compared with 1.25 billion dollars in the same period a year earlier.
The company's profit in the most recent quarter increased about 4 percent from 1.42 billion dollars in the first three months this year.
However, as a reflection of the continued difficult economic conditions, Google saw its sales growth slowing.
Its revenues increased just 3 percent to 5.52 billion dollars over the year-ago period, down from the 6-percent growth in the first quarter this year.
Paid clicks to ads on Google sites rose about 15 percent over the same quarter of 2008, but representing a decrease of 2 percent from the previous quarter.
"Google had a very good quarter, especially given the continued macro-economic downturn ", Eric Schmidt, the company's chief executive officer, said in a statement.
"These results highlight the enduring strength of our business model and our responsible efforts to manage expenses in a way that puts us in a good position for the economic upturn, when it occurs ", he added.
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