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.
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