Google profit climbs on rising revenue

Google on Thursday reported that its profit in the recently ended quarter climbed to $2.73 billion on the wings of soaring online advertising revenue. \"We had a great quarter,\" said Google co-founder and chief executive Larry Page. \"Revenue was up 33 percent year on year and our quarterly revenue was just short of $10 billion,\" he added. Google took in $9.72 billion in revenue in the quarter that ended September 30, with the bulk of the money being raked in at online properties owned by the Northern California-based Internet powerhouse. Google stock price jumped more than five percent to $588.50 a share in after-hours trading that followed release of the earnings report. The performance topped expectations of Wall Street analysts.