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Leading financial news magazine Business Week has recently reported that the micro blogging site Twitter has had a profitable year after the company signed two separate deals with search giants Google and Bing. These deals allow Twitter posts (tweets) to be indexed and searched through on their respective search engines.

The deals with Microsoft and Google reportedly generated $25 million for the social media site. Despite all parties remaining quiet about the figures needed to secure the deal, Business Week revealed that Twitter generated $10 million from its deal with Microsoft to allow them to index the tweets in their Bing search engine, and a staggering $15 million from Google for the inclusion of the tweets into the real-time search results.

Twitter, which is based in San Francisco, allows its members to post 140 characters long SMS like messages on their profiles and enjoys over 55 million visits every month.

Recently, the company has been developing plans to start increasing revenue from the immense popularity of the micro blogging site by rolling out premium plans for businesses, allowing them to use Twitter’s platform to market and promote their products on the social networking website.