Tech Insider

Thursday, April 21, 2005

Google's First Quarter Profit Soars Nearly Six-Fold

Google's first-quarter profit increased by nearly six-fold as the online search engine leader's rapid growth continued to soar beyond analysts' expectations.

The company's net income rose to $369.2 million ($1.29 per share) compared to $64 million (24 cents per share) in 2004.

Google's total revenue increased from $651.6 million to $1.26 billion, which is a lot higher than Wall Street's prediction of $1.16 billion and earnings of 78 cents per share.

Google's shares jumped 6 percent in after-hours trading to more than $216.

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