In the latest quarterly report, the internet giant Google has encountered a sharp rise in its revenue and profits but even after that rise it has failed to reach at its previously estimated figures.

The net profit of the firm for the three months till June has been recorded 1.84 billion dollars, which is up by 0.36 billion dollars as compared to the same period of a year ago.

The revenue has been recorded 6.82 billion dollars up from 5.52 billion dollars a year ago. But the analysts had expected a better revenue and profit from the firm Google. As a result of this failure the shares of Google fell down by more than 4% in just hours of trading.

According to experts, the internet giant is spending more money on its research and development than previous expectation and spending a little bit money to its marketing and sales field. Google is again in to the investment as it has recruited 1200 more people in this quarter, this move could rise its expenses in the coming September.

Despite of the fall in its shares, the chief executive of Google has said that they are very happy with their performance in the second quarter.