In the quarter ending June 30, Google revenues climbed to $5.52bn (£3.36bn), a 3% increase over the same quarter last year. And as the company continues to cut costs amidst the global economic slump, profits reached $1.48bn (£0.9bn), a 19% leap. Google-owned sites generated revenues of $3.65 billion (£2.22bn), or 66% of the company’s total revenues, while AdSense revenues reached $1.68bn (£1.02bn), 31% of the total.

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