At last good news:Google Rocks, Sharply Beats the Street

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