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Google profit surges to $342.8 million

Internet search leader Google announced that its quarterly profits ending June 30, 2005 more than quadrupled from a year ago to 342.8 million dollars as a surge in advertising helped revenues nearly double. The red-hot Internet giant declared that overall revenues hit $1.38 billion in the quarter to June 30, 2005 , compared with $700 million in the same period a year ago. Excluding the payments Google makes to other companies for Internet traffic, the company reported sales of $890 million..

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