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Google's Profit Jumps 37%
Revenue was $6.78 billion, compared with $5.51 billion a year ago. Excluding commissions to partners, Google posted revenue of $5.06 billion, up 2.2% from the seasonally strong fourth quarter.louis vuitton(louis vuitton)
The company reported earnings of $1.96 billion, or $6.06 a share, from $1.42 billion, or $4.49 a share, a year earlier. Excluding stock-compensation costs, per-share profit rose to $6.76 from $5.16.
Chief Executive Eric Schmidt did not take part in the Internet search giant's first quarter earnings conference call. Mr. Pichette said the move was designed to "streamline"the company's communications process. louis vuitton bags(louis vuitton bags)
Mr. Pichette added the company has continued to "invest heavily in people, products and acquisitions" and expected to hire aggressively through the year. Google added nearly 800 employees in the first quarter to end March with 20,621 workers.
An improving economy and a return of large advertisers enabled Google to get off to a "very positive" start of the year, Chief Financial Officer Patrick Pichette said Thursday. "Large advertisers have come back in force versus last year," Mr. Pichette said during a conference call to discuss the company's first quarter results. louis handbags(louis handbags)