Monday, April 20, 2009

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Google first-quarter profits up 8.9 percent

Internet search powerhouse Google bucked the economic downturn in the first quarter, posting an 8.9-percent rise in profits as revenues climbed 6.2 percent.

The Silicon Valley-based online advertising giant earned $1.42 billion in the quarter, up from $1.31 billion in the same quarter a year ago. Revenue rose 6.2 percent to $5.51 billion but marked a 3-percent drop from the fourth quarter - the first time that the internet search company saw a decline in revenue between two consecutive quarters.


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