Google posts strong Q3, revenue up 23% year-over-year

Today, search extraordinaire Google, Inc. announced earnings for the third quarter of 2010. The Big G posted revenues of $7.29 billion, up 23% year-over-year, a net income of $2.17 billion, had an effective tax rate of 20%… oh yeah… and $33.4 billion in cash. Yikes! The company also reported 23,331 full-time employees; roughly 1,500 more than the previous year. Google’s strike price was down 0.44% at today’s market close, but is currently up 8.9% — around $49 per share — in after-hours trading.

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