Search engine company Google reported Thursday
a 16-per-cent increase in net profit for the quarter ending in March,
citing a 20-per-cent increase in the total number of clicks on
advertisements that appear on web searches.
First-quarter profit, excluding some items, was 11.58 dollars a share, Google said. Net income increased to 3.35 billion dollars.
Google revenues on a consolidated basis were 13.97 billion dollars, an increase of 31 per cent over first quarter last year.
Although the average amount advertisers paid each time a user clicks on a promotion decreased 4 per cent, the total number of clicks advanced 20 per cent. That followed a 24-per-cent gain in the fourth quarter.
Most Popular Stories
- Americans Still Pessimistic Despite Economic Growth
- GE Capital and Petters-Related Fund in Legal Battle
- Even With Surly 2014 Electorate, It's 'Still an Incumbent's World'
- California Conservation Conundrum: Water Use Varies Greatly Across State
- Combating Online Abuse Not Easy for Gamers
- Feds Want Nuclear Waste Train, but Nowhere to Go
- Detroit Raced Toward this Week's Bankruptcy Trial
- New Hershey's Logo Revealed
- Buyer's Remorse on Common Core for Policymakers?
- Obama on Labor Day: Don't Take Rights for Granted