...stellar third quarter, beating all Wall Street Estimates.

net income in the quarter ended Sept. 30 rose to $1.64 billion, or $5.13 a share, from $1.29 billion, or $4.06 a share, in the same period last year. Net revenue rose to $4.38 billion from $4.04 billion. Excluding special items, the company said earnings for the quarter were $5.89 a share.

While the numbers are impressive, its the words from Googles CEO and CFO that give us a glimpse of a light at the end of the tunnel. Their statements include:

Were very, very happy

the worst of the recession is clearly behind us.

-Google is- accelerating hiring across the organization.

Were investing, and were investing heavily

-YouTube is- on its path to profitability in the not-too-distant future.

Were certainly looking for larger businesses to buy

There is a real wind of optimism and a real wind of confidence around here right now

Even a decline of 6% in prices paid per click was better than most expected"helped out by a whopping 14% increase in the number of clicks.

So, with Google recovering"heck, even YouTube appears to be close to making a profit!"does this mean that were out of the recession? I wouldnt take it to the bank, but Id certainly wager a single share of Googles stock that weve seen the worst of it!

What do you think?

Del.icio.us

Digg

Reddit

Furl