search engine optimisation from studio8search Oxford

Google has reported its highest quarterly profit, suggesting that the internet advertising market is bouncing back from the recession.

Shares of GOOG are at a 52-week high of $535 a share

Google reported net profit of $1.64bn (£1bn) between July and September, up 27% on the same period a year ago.
“The worst of the recession is clearly behind us,” said Google chief executive Eric Schmidt.

‘Spending money on SEO and Online Marketing’

The internet search engine has worn the recession better than other advertising-reliant companies.

“Google has virtually no competition. Yahoo is withering on the vine and [Microsoft's] Bing is still too small at the moment” said Coin Gillis, senior analyst at Brigantine Advisors.

” Advertisers are back and they are spending money!”