In a sign that's surely to be taken as good news for the interactive industry at large, Google's net income rose 18 percent in the second quarter, according to The New York Times.
The search giant's revenue was also up, albeit by a small 3 percent. However, in a conference call with investors, CEO Eric Schmidt said large advertisers in verticals like retail and travel are "coming back," and Google also saw growth in advertising on YouTube for the very first time.
Google's revenue largely comes from its premier product, search advertising, which has been cast as the only port in the economic storm for digital marketers. A report released earlier this week showed that search spending has stabilized after large year-over-year drops.
Overall, Google's net income for the quarter was $1.48 billion, while its revenue rose to $5.52 billion.
