Google profits lifted by cost cuts

Internet giant Google has painted a mixed picture on trading after record quarterly profits were accompanied by a slowdown in revenues growth.

Fri, 17 Jul, 2009 - 09:36

Internet giant Google has painted a mixed picture on trading after record quarterly profits were accompanied by a slowdown in revenues growth.

The US group said second-quarter profits rose 19% to $1.48bn after carrying out its first ever job cuts and slashing company investment.

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