“SAN FRANCISCO (Reuters) – Google Inc’s revenue increased 21 percent as strength in its Internet advertising business offset a persisting drop in ad rates, stirring hopes among investors the Web search leader is close to slowing that decline.
Shares of Google were up about 3 percent in after hours trade.
Advertising rates, or costs per click, have headed south as users gravitate to smartphones and tablets, where Google can generally charge less than on desktop computers.”
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