Feeds

Q1 brings nothing but good news for Google

Results almost absurdly healthy

  • alert
  • submit to reddit

Remote control for virtualized desktops

Google has reported a near-six hundred per cent increase in profit for the first quarter, with net income of $369.2m, up from $64m a year ago. The company said advertising sales almost doubled in the period, thanks largely to increased business outside the US. Revenue was $1.26bn for the quarter, up 93 per cent on the year.

More than half the revenue ($657m, or 52 per cent of the total) came directly from Google-owned sites. The remainder came from syndicated advertising. Revenue here rose 75 per cent in the quarter, reaching $584m. The company paid out $462m to these partners, up from $271m in 2004.

Profit margins were also up year-on-year. For the quarter ending 31 March, Google said income on a GAAP basis accounted for 35.2 per cent of revenue, compared with 23.8 per cent a year ago.

Shares in the company rose almost $11 on the back of the news.

You can read the full release here. ®

Related stories

Net ads work - sometimes
Yahoo! growth! slows!
Google.co.uk goes local

Secure remote control for conventional and virtual desktops

More from The Register

next story
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Reducing the cost and complexity of web vulnerability management
How using vulnerability assessments to identify exploitable weaknesses and take corrective action can reduce the risk of hackers finding your site and attacking it.