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Google bucks recession trends


Yet another international ICt company has beaten the recession blues and turned in results that could be cause for optimism in the sector. Google's first quarter profits were 30% up on the previous years, driving analyst optimism. 

Google earned $1,30-billion in the first quarter, a 30% increase from the $1-billion a year ago.
This was on revenue of $5,19-billion, up 42% from the $3,66-billion last year.
Google's encouraging results follow promising signs yesterday from Intel and Seagate, with IBM expected to continue the trend.
International markets account for 51% of Google's revenue.