April 21, 2005
Google Sales, Profit Growth Continues
Google continued its sharp growth trajectory, reporting sharply higher first-quarter revenue and profits.
The Mountain View, Calif., search giant said revenue was $1.26 billion, up 93 percent from the first quarter in 2004. Excluding revenue shared with search distribution partners, Google's sales were $794 million. Google's net income for the fourth quarter was $369 million, or $1.29 per share, compared to $64 million a year earlier.
Google's Q1 results improved on the holiday quarter, which tends to be stronger. Sales, excluding revenue shared with partners, were up 21 percent sequentially. Net income was up 80 percent.
Posted by BlogDaddy at 03:54 PM
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