Google Beats Absurdly High Expectations

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The stock market and analysts say Google will do great, and it does even better. How do they pull it off? …

Google has posted a sixfold increase in profits for the first quarter of this year. Google managed to top the profits estimate by $120 million, and the revenue estimate by $150 million. Google’s revenues were a record $1.256 billion, 93% higher than a year ago. Net income, after deductions and stock-based compensation, was $369 million or $1.29 per share, up from $64 million and 24 cents a year ago.

Google-owned site ad revenue made up to 52% of profits, up from 51% last quarter, while AdSense sites made up 47%, down from 48% three months ago. Google saved another $400 million, with cash reserves of $2.507 billion, up from $2.132 three months ago.

Press release

Nathan Weinberg writes the popular InsideGoogle blog, offering the latest news and insights about Google and search engines.

Visit the InsideGoogle blog.

Google Beats Absurdly High Expectations
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