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.