Just In
- 11 min ago A Win for Pixel Users: Google’s Pixel 8 Will Get Gemini Nano After All With the Next Feature Drop
- 43 min ago Garena Free Fire Max Redeem Codes for March 29, 2024: Get Access to the Latest In-game Loot
- 1 hr ago Apple iPhone 16 Massive Leaks Reveals an Impressive New Camera Module, Capture Button, and More
- 2 hrs ago Xiaomi SU7 EV Launched in China: 3 Variants Available, Starts at $30,000
Don't Miss
- Automobiles Xiaomi SU7 Electric Sedan Variant Details – All You Need To Know
- News PM Narendra Modi Meets Bill Gates, Talks About Need For Digital Bridge, Cons Of AI-Generated Deep Fake Content
- Lifestyle Personality Traits Of April Born Babies: From Being Witty, To Charismatic And More, They Are Full Of Sheer Joy
- Education TANCET 2024 Results released: Know how to check
- Movies Tillu Square Full Movie Leaked Online In HD For Free Download Within Hours Of Its Hyped Theatrical Release
- Sports Pakistan vs Ireland T20I Series Full Schedule: Three matches for Men in Green Ahead of T20 World Cup 2024
- Finance Good Friday 2024 Holiday: Are Banks Open On March 29 In India?
- Travel Explore Tamil Nadu's Diverse Wedding Venues
Google Quarterly Profit Edges up on Revenue Surge
Google has said first-quarter profit edged higher from a year ago as the Internet giant reported a healthy rise in advertising revenues.
Net profit rose four per cent from a year earlier to USD 3.59 billion, while revenue surged 12 per cent to USD 17.3 billion, led by gains from online advertising.
Recommended: Top 10 Best 2 GB RAM Smartphones Under Rs. 10,000
Like other global firms, Google saw its results hit by the strong dollar. Chief financial officer Patrick Pichette said yesterday that on a constant-currency basis, revenue grew 17 percent from a year ago.
"We continue to see great momentum in our mobile advertising business and opportunities with brand advertisers," he said in the earnings statement.
Advertising made up the bulk of Google revenues, and receipts from its own sites and those of its partners rose more than 10 per cent from a year earlier.
Recommended: Top 10 Best Smartphones with Gorilla Glass Protection in India Under Rs 10,000
The results nonetheless were short of most Wall Street forecasts, and underscored competition with Facebook, which this week reported a 46 per cent jump in ad revenues.
Google shares still managed to trade higher by two per cent in after-hours trading to USG558.06. The earnings report comes with Google facing a formal antitrust challenge from the European Union, which alleges it abused its dominance in search to promote its own services.
Recommended: Top 20 Chinese Smartphones To Buy in India
The EU is also investigating Google's dominance of the global mobile phone system with its Android platform. Google has maintained that it does not stifle competition.
The results underscore Google's reliance on advertising revenues despite a range of projects such as self-driving cars, Internet balloons and other services such as local Internet delivery and a new mobile carrier business.
Source: PTI
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
1,39,900
-
1,29,900
-
79,900
-
65,900
-
12,999
-
96,949
-
16,499
-
38,999
-
49,999
-
30,700
-
68,999
-
23,990
-
1,25,999
-
36,999
-
38,999
-
1,17,840
-
35,000
-
23,960
-
82,510
-
11,999