Google reports a 69 percent increase in first-quarter profit

Search engine giant Google continues to impress with their quarterly reports. The company has now posted a 69 percent increase in first-quarter profit.

This has managed to surpass analyst projections by 38 cents per share. With this Google has managed to beat the market expectations in all but one of 11 quarters since going public in August.

The news helped the company stock jump by $15.15, or 3.2 percent, in extended trading. The company is practically the most dominating force on the web today and it happens to be one of the most profitable as well.

Google happens to be the most popular search engine in the United States and this helps their revenues as the ad clicks on these search result pages are not shared with any other parties.

Google reported that they earned $1 billion, or $3.18 per share, during the first three months of the year. This is quite impressive when compared to net income of $592.3 million, or $1.95 per share, in the same period last year.

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