Google Earnings, Revenue Climb In Q1
April 19, 2007 at 3:03 PM (PT)
GOOGLE's first-quarter profit soared from $592.3 million ($1.95 per share) to $1 billion ($3.18 per share). If not for expenses incurred for employee stock compensation, GOOGLE said it would have earned $3.68 per share. Q1 revenue rose 63% to a record $3.66 billion. Less advertising commissions, GOOGLE's revenue totaled $2.53 billion.
Earlier this week, GOOGLE announced an ad sales pact with CLEAR CHANNEL (NET NEWS 4/16).