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New Page for Google

THE CEO of Google, Eric Schmidt, is to hand over the role to the company's co-founder Larry Page (right).

The popular search giant reported a 26pc rise in final quarter revenues of $8.44bn (€6.2bn).

The group, which is adding 200 jobs to the existing 1,600-strong workforce in Dublin, reported operating income in the fourth quarter of 2010 which was 35pc of revenues.

For the quarter the company posted a net profit of $2.94bn (€2.17bn).