Google profit climbs with online ad revenue

Google said profit climbed to US$3.35 billion (HK$26.01 billion) in the first three months of the year as revenue thrived despite a trend toward cheaper ads on smartphones and tablets.

“We had a very strong start to this year, with US$14.0 billion (HK$108.68 billion) in revenue, up 31 per cent year-on-year,” said Google chief executive Larry Page.

Google shares that ended the official Nasdaq trading day slightly down regained ground in after-hours trades to US$777 with a profit figure that topped Wall Street expectations.

via Business feed http://www.scmp.com/business/companies/article/1218085/google-profit-climbs-online-ad-revenue