Google Beats Forecasts With 30% Increase In Profit

Google has done it again — they announced impressive earnings, beating forecasts and showing a 30% increase in profit from the previous first quarter results.

Google’s reported revenues of $5.19 billion for the quarter ending March 31, 2008 and a net income of $1.31 billion. Previous quarter revenues were $4.83 billion in Q4 and $3.66 billion in Q1 2007. Previous quarter income was $1.21 billion in Q4 2007. Google’s shares are currently up over 12% in after market conditions, now at $506.87.

Google has already increased the number of employees they have hired. As of March 31st, Google employed 19,156 full-time employees, up from 16,805 full-time employees on December 31, 2007.

Also, Google has around $12.1 billion in cash.

Here are some reports from around the web:

TechCrunch has live blogging of the conference call.

Related Topics: Channel: Industry | Google: Business Issues

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About The Author: is Search Engine Land's News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here. For more background information on Barry, see his full bio over here.

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