Google growth curve goes off graph

Google has reported big increases in sales and profits for the first quarter ended 31 March, as web advertising and sponsored...

Google has reported big increases in sales and profits for the first quarter ended 31 March, as web advertising and sponsored search revenues continue to grow.

The search engine company reported net profits of $369.2m (£205.1m) on sales of $1.26bn for the quarter. This compares with a net profit of $64m on sales of $651.6m for the same quarter last year.

Google went public last year and said the dramatic growth was a result of increased traffic on its sites and a resulting increase in web advertising sales.

The leading search company is rumoured to be planning its own browser to rival Microsoft’s Internet Explorer, and is expected to increase the availability of its Gmail web e-mail service to internet users over the coming months.

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