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Google Q1 profit zooms to $369.2 mn

April 22, 2005 12:14 IST
Google Inc's first quarter profit has zoomed nearly six times higher than a year earlier.

Google net income rose to $369.2 million, or $1.29 a share, in the first quarter, from $64.0 million, or 24 cents a share, a year earlier. The gross revenue nearly doubled to $1.26 billion from $651.6 million.

The results from the most recent quarter included a $49 million charge related to stock-based compensation.  The total revenue rose to $1.26 billion from $651.6 million.

Google shares zoomed in the bourses with the stock prices going up by six per cent.

The company's revenue comes from advertisements that are triggered when users type key words in Google's search engine.

Google said income from operations rose to $443 million from $155 million, and its operating profit margin rose to 35.2 percent of revenue from 23.8 percent a year earlier.

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