Feeds

Q1 brings nothing but good news for Google

Results almost absurdly healthy

  • alert
  • submit to reddit

High performance access to file storage

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

High performance access to file storage

More from The Register

next story
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.