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Information Technology News Google has a bumper first quarter
Information Technology News Google has a bumper first quarter | Google has a bumper first quarter |
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| by Stan Beer | |
| Friday, 21 April 2006 | |
  
GAAP net profit for the first quarter was $592 million as compared to $372 million in the fourth quarter, an increase of 59%. The strong results drove share prices up 8% in after hours trading. "Google had an exceptional quarter with strong growth and profitability, from both Google properties and the network," said Eric Schmidt, CEO of Google. "We are driving this growth through investments in our infrastructure and our people, product innovations that attract new users, and relationships with advertisers and partners around the world. The strength of our business model gives us the opportunity to invest in our business, allowing us to maintain and grow our market leadership."{moscomment} |
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