Internet search giant Google posted a big jump in its profits in the third quarter. Its net income rose to $2.73 billion as its online advertising revenue reached $9.72 billion.
Google reported Thursday that its revenue rose 33 percent compared to the same quarter last year. Following the release of the report, the company's stock price jumped more than 6 percent to $594.53 a share in after-hours trading.
Speaking to reporters and analysts during the earnings conference call Thursday, Google co-founder Larry Page said he had focused much of his energy on increasing the company's velocity and execution ever since he took over as its CEO.
He said Google's online social networking challenge to Facebook was growing fast, claiming, People are flocking to Google+ at an incredible rate and we are just getting started. Billions of digital photos had already been shared at Google+, he added.
Page also said the use of Chrome was through the roof. More than 200 million people were using the browser, he asserted.
He said the spread of Android was mind-boggling. More than 190 million smartphones or tablet computers around the world are being powered by the operating system for mobile devices, he added.