Google profits leap lifts shares

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

For the first time most of its profits came from outside the US. Google stock slid 35% this year with fears that the economic slowdown in the US will take its toll on advertising revenue.

While the domestic ad take is down, international expansion and a lower dollar have taken up the slack.

Net profit was $1.31 billion (£658.5 million) on revenue of $3.70 billion, well ahead of consensus forecasts of $3.59 billion. Even without the forex effect, Google would have beaten forecasts. It says favourable exchange rates pushed revenue $202 million higher.

In terms of market share, Google is still well ahead of rivals. It captured 63% of internet queries worldwide in February, up from 62%in December, and accounted for 60% of US searches in March.

Google's cash pile was boosted by $1.78 billion last quarter to $12.1 billion.

The shares rose 18% in after-hours trading.