Google profits up 31%, beats expectation

Google saw no signs of recession in the year's first quarter, defying naysayers and posting profits that were up 31%. Revenues swelled 42% to $5.19 billion compared to the same period last year. The report stumped many Wall Street analysts who had reduced their forecasts based on independent research suggesting fewer people were clicking on Google ads. ClipSyndicate/Bloomberg (17 Apr.) , San Jose Mercury News (Calif.) (17 Apr.)

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