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Google reports big sales and profit increase for quarter

Antony Savvas

Google has reported big sales and profit increases for the quarter ended 31 March of £2.6bn, an increase of 42% on the same quarter last year.

Operating income for the first quarter was £775m, compared to £610m last year, a 27% increase.

Revenues from the UK totaled £401m, representing 15% of group sales in the quarter. This was down on 16% last year.

Eric Schmidt, CEO at Google, said, "As we integrate DoubleClick into our advertising platform, we see exciting new ways to improve the user experience and increase value for our advertisers and partners."

Illustrating the strength of the company, Google has £6bn cash in the bank.

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