Google (GOOG) this afternoon reported first quarter results that dramatically beat Street expectations, sending the shares soaring in after hours trading.
Google reported revenue of $5.19 billion, or $3.7 billion excluding traffic acquisition costs. Non-GAAP EPS was $4.84 a share. The Street had expected $3.61 billion and $4.52.
Google-owned sites revenue totaled $3.4 billion, up 49% versus last year and 9% sequentially.
Google network revenues were $1.69 billion, up 25% versus last year and 3% sequentially.
International revenues were 51% of total revs, up from 48% in Q4 and 47% a year ago.
Headcount at March 31 was 19,156, up from 16,805 at December 31, an increase of nearly 14%. Of the 2,351 people added, about 1,500 were from DoubleClick.
In after hours trading, GOOG is up $42.64, or 9.5%, to $492.18.
http://seekingalpha.com/article/72774-google-rocks-sharply-beats-the-street
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