Googles's profit jumps 60 percent

Internet giant Google has witnessed a major jump in its profits last quarter, which is about 60 percent of its last period in the same period. The jump of 2.89 billion dollars has led to an effective doubling of its shares. Results shows that company's newly launched Google +, Android and you tube have been widely appreciated.

Google has announced that its quarterly profits exceeded 10 billion dollars, with revenues from the UK at 1.15 billion dollars. Also its quarterly profits exceeded 10 billion dollars, with revenues from the UK at 1.15 billion dollars.

Its profits rose by 39 percent from the first quarter of 2011 from paid clicks, or people who clicked on ads on Google and its partner sites.

The firm will create a new class of non-voting stock and effectively split the shares two-for-one.

Larry Page, Chief executive of Google, said that the company made tremendous profits from the big bets it made in products like Android, Chrome and YouTube. The company had no further plans of any acquisitions and that it was only in its initial stage of growth.

(With inputs from ANI)