Despite appearances, this blog isn’t about Google, but it’s rather hard to discuss Microsoft these days without reference to the crew in Mountain View. Today Google announced earnings and once again blew past analyst expectations:
Google Inc. said Thursday that profits soared nearly 70 percent in the first quarter on the back of solid sales growth, allowing the world’s No. 1 search engine to keep its dominant spot in the red-hot online advertising business.
Excluding stock-based compensation as well as a tax benefit and other items, the company reported a profit of $3.68 a share, ahead of the $3.30 a share that analysts were expecting on this basis.
More details by following the link and in the press release. One highlight is that 47% of revenue now comes from outside the USA.
Other Microsoft-related GOOG news this week: