Google Bucks Trend to Post Increased Revenues

Internet giant Google bucked the economic downturn to outperform Wall Street’s expectations, according to its latest financial results. The company reported revenues of $5.7bn for the three months ending in December, up 18% year-on-year, but an increase of just 3% on the previous quarter’s figures. Profit was down significantly to $382m, compared with $1.2bn a year ago — however, this was largely the result of investments in internet rival AOL and wireless broadband provider Clearwire