Google performed beyond analysts’ estimates as its sales grew to $3.66 bn(£1.8bn) for the first quarter of 2007, thanks to its core businesses of search and advertising.

Revenues increased by 63% compared with the first quarter of 2006 and by 14% over Q4 2006. Profits rose 69% to $1bn(£500m), from $592.3m(£295m) for the same period last year.

Other figures from the announcement:

  • Google’s sites generated revenues of $2.28bn(£1.13bn) – a 76% increase from the same quarter last year.
  • AdSense sites generated revenues of $1.35 bn(£674m) –  a 45%  increase over network revenues of $928m(£463m) in Q1 2006.
  • Non-US revenues were $1.71bn(£853m), with revenues from Google’s UK operations totalling $578m (£288m).

Google’s results contrast with Yahoo’s recent results, announced earlier this week, which saw an 11% drop in sales during Q1 2007.

Further Reading:

How does the Google-DoubleClick deal affect you?