Eric Schmidt, CEO of Google: “the worst of the recession is behind us”

Google Inc. (NASDAQ: GOOG) announced financial results for the quarter ended September 30, 2009.

“Google had a strong quarter–we saw 7% year-over-year revenue growth despite the tough economic conditions,” said Eric Schmidt, CEO of Google. “While there is a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and now feel confident about investing heavily in our future.”

Google reported revenues of $5.94 billion for this quarter , an increase of 7% compared to the third quarter of 2008. Full report here…