We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Google beats estimates with $1.3bn profit

Search giant retains online ad dominance

Google posted solid growth in its revenue and profit during 2008's first quarter and exceeded Wall Street expectations in both categories, amid widespread concern that the search engine giant's results would be weak.

Google generated revenue of $5.19bn for the quarter that ended March 31, up 42 percent compared with 2007's first quarter, Google said Thursday. $1.31 billion. The company had net income of $1.31 billion.

Google's ability to continue generating solid revenue and profits from its search advertising business came under scrutiny in recent months, as several independent studies suggested that people were clicking less than expected on its pay-per-click ads and that rival Yahoo is stealing market share. However, the first quarter results at first glance don't seem to indicate any major breakdown in Google's revenue-and-profit making machine.

Google's first quarter results include the operations of DoubleClick starting on the date when the acquisition closed, March 11, until the quarter's end, but their impact was immaterial to revenue and "only slightly dilutive" to net income and earnings per share, Google said.


IDG UK Sites

Exclusive: Samsung exits laptop market including Chromebooks

IDG UK Sites

Is Apple losing confidence in itself?

IDG UK Sites

How a London VFX studio is ditching desktop workstations for cloud-based creative power

IDG UK Sites

iOS 8 tips & tricks: Get to know iOS 8's handy new features