Google profits leap 31% in Q3

Google's third quarter revenues have increased by 31% to reach €41.29 billion (US$5.4 billion).

After accounting for traffic acquisition costs, revenues had reached €2.98 billion (US$4 billion) for the quarter. This growth was driven as usual by the company's advertising business.

The company's AdSense subsidiary grew 15% to €11.26 billion (US$1.7 billion). Overall, paid-click revenue grew 18%.

International revenue accounted for 51% of the company's profits, with the company performing especially well in China.

And Google has been quick to point out that had foreign exchange rates remained steady, revenues would be €43.98 million (US$59 million) higher.