Google profits rose 16pc to $3.35bn in the first three months of the year as revenue increased despite a trend toward cheaper ads on smartphones and tablets.
Larry Page, the Google co-founder and chief executive, said: "We had a very
strong start to 2013, with $14bn in revenue, up 31 percent year-on-year,"
said Google chief executive Larry Page.
The profits beat Wall Street's expectation and Google shares, which ended the
official Nasdaq trading day slightly down, regained ground in after-hours
trades to $777.
The number of paid clicks on ads posted at Google pages was 20pc greater than
those seen in the first quarter last year and up three percent from the
final quarter of 2012.
Meanwhile, in a closely watched figure, the cost per click for advertisers
dropped four percent, indicating a trend toward less expensive mobile ads.
Google executives highlighted the "big bets" being taken by the company,
ranging from Android mobile gadget software to self-driving cars and
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