Google Profits Skyrocket 31 Percent in 1Q

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Google reported a 31 percent upswing in its first quarter revenues Thursday evening (April 18), pleasing investors and causing its stock to leap in after hours trading.

Google stock closed at $765.91, down more than two percent during regular trading hours. News of the search engine firm’s $13.97 billion in revenue for the quarter ending March 31, however, thrust shares upward to $776.80.

“We had a very strong start to 2013, with $14.0 billion in revenue, up 31% year-on-year,” said Google CEO Larry Page in a press release. “We are working hard and investing in our products that aim to improve billions of people’s lives all around the world.”

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