Google profit skyrockets, again

Cory Bergman October 20th, 2006

Does this sound familiar? Google reported its third quarter profit jumped 92 percent, handily beating analyst expectations. “Business is very, very good here at Google and we had an excellent quarter in all respects,” said Eric Schmidt, Google’s chief executive officer. He also responded to more questions about possible increased legal exposure due to the YouTube acquisition. “We’re relying on the Digital Millennium Copyright Act as it is being imposed by law. There are not a lot of shades of gray in how it works,” he said. “If you operate under this, companies have safe harbor. We do our very best to implement it as it is prescribed…It’s the law of the land and we absolutely operate by it.” Here’s the Google press release with all the numbers.

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