Google shares soar - mobile biz still undervalued

"Google said revenue from mobile advertising reached more than $2.5bn on an annualised basis, equivalent to some 7 per cent of its gross revenues in its latest quarter. The disclosure, coming a year after reporting that mobile revenues had topped an annualised $1bn, is evidence that the business is “going gangbusters”, said Patrick Pichette, chief financial officer."   via ft.com  

"Google said revenue from mobile advertising reached more than $2.5bn on an annualised basis, equivalent to some 7 per cent of its gross revenues in its latest quarter. The disclosure, coming a year after reporting that mobile revenues had topped an annualised $1bn, is evidence that the business is “going gangbusters”, said Patrick Pichette, chief financial officer."

 

via ft.com