X

Google revenue up 63 percent

<b style="color:#900;">blog</b> First-quarter results beat Wall Street expectations on strong sales in its core search advertising business.

Elinor Mills Former Staff Writer
Elinor Mills covers Internet security and privacy. She joined CNET News in 2005 after working as a foreign correspondent for Reuters in Portugal and writing for The Industry Standard, the IDG News Service and the Associated Press.
See full bio
Elinor Mills

Google's first-quarter gross revenue rose 63 percent to $3.66 billion as results beat Wall Street expectations on strong sales in its core search advertising business.

Total revenue was $3.66 billion, up 63 percent from the same period a year earlier. Excluding traffic acquisition costs, or commission paid to content partners, revenue was $2.53 billion. On that basis, analysts polled by Thomson Financial were expecting revenue of $2.49 billion excluding.

Net income for the quarter was $1 billion, or $3.18 a share, up from $592 million, or $1.95 a share, a year ago. Excluding one-time items, income was $3.68 a share, higher than analyst expectations of $3.30 a share.

Click here for full story.