Q1: Google Inc profit up 23 pc

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Q1: Google Inc profit up 23 pc
San Francisco, Apr 16: Internet giant Google Inc on Thursday, Apr 15, reported a 23 per cent jump during the first quarter ended Mar 31, 2010.

The company said, "Net income came in at $1.96 billion, or $6.06 per share, compared to $1.42 billion, or $4.49 per share, in the first quarter of 2009."

Revenues for the quarter was $6.77 billion, up 23 pc from $5.51 billion in the comparable quarter in 2009.

Google grew its global staff to 20,621 full-time employees from 19,835 full-time employees during the first quarter.

However, its stock fell 5 per cent as the company disappointed some investors accustomed to blowout results.

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