Google Reports 3rd Quarter – Says Worst Of Recession Is Behind Us

google-stock-priceGoogle reported third quarter revenue numbers yesterday to Wall Street.

They said net income for the quarter, which ended in September, rose to $1.64 billion, or $5.13 a share, from $1.29 billion, or $4.06 a share, in the same period last year.

Net revenue for the period ended in September rose nearly 1% to $4.38 billion. Excluding special items, the company said earnings for the quarter were $5.89 a share. [source: Marketwatch.com]

Google Chief Executive Eric Schmidt said during a conference call with analysts that, “We’re very, very happy,” adding, “the worst of the recession is clearly behind us.”

Clearly Google is positioned to benefit from the economy making a turn for the better.  Online traffic is up, search is up, and Google’s exposure on the web is doing nothing but increase at exponential rates.