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 Google sees a sharp rise in first-quarter earnings

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RR Phantom

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Google sees a sharp rise in first-quarter earnings Vide
PostSubject: Google sees a sharp rise in first-quarter earnings   Google sees a sharp rise in first-quarter earnings Icon_minitimeThu Apr 14, 2011 11:25 pm
Internet giant Google has reported a sharp rise in first-quarter earnings, the first figures with co-founder Larry Page back at the helm as boss.

The world's leading search engine reported $6.54bn (£4bn) in net revenue in the first quarter, up 29% from $5.06bn the same time a year ago.

Google has about a 65% share of the US search engine market and about 90% in Europe.

The firm said it would continue "to invest for the long term".

Announcing the results, Patrick Pichette, Google chief finance officer, said: "These results demonstrate the value of search and search ads to our users and customers, as well as the extraordinary potential of areas like display and mobile."

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