Google revenue up 63 percent

blog First-quarter results beat Wall Street expectations on strong sales in its core search advertising business.

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.

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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. E-mail Elinor.

 

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