17:05 ET<\/span><\/span><\/p>\nInternet giant Google has reported a large rise in profits and revenue, well ahead of market expectations.<\/p>\n
Net profit for the three months to June rose 36% on the same period last year to $2.5bn (\u00a31.5bn), while revenues rose 32% to $9bn.<\/p>\n
Last month, Google launched its social networking site Google+, in an attempt to take on Facebook.<\/p>\n
The results were the first under chief executive Larry Page, who replaced Eric Schmidt in April.<\/p>\n
Mr Schmidt had held the role for 10 years. Analysts said the decision for Google co-founder Mr Page to take over was made because he now carries more weight with investors and could re-energise the search giant.<\/p>\n
The results will help reassure investors that the company is still thriving under his leadership.<\/p>\n
“We had a great quarter,” said Mr Page. “I’m super excited about the amazing response to Google+.”<\/p>\n
‘Six-trick pony’<\/span><\/p>\nShares in Google surged 11% in extended trading.<\/p>\n
Jordan Rohan, an analyst at Stifel Nicolaus, said the results were “well beyond expectations from Wall Street”.<\/p>\n
“Clearly, the combination of mobile search, Android, ad exchange, YouTube, and the core search businesses, they’re all doing well,” he said.<\/p>\n
“Google is no longer a one-trick pony. You might say six-trick pony if you count Google+.”<\/p>\n<\/div>\n<\/p>\n
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