13 Apr 2012

Google profits and sales up

12:29 pm on 13 April 2012

Google reported a large jump in profits and sales on Thursday as it announced an effective doubling of its shares.

The company says income in the first quarter was $US2.89 billion, up 60% from the same period last year.

Google's quarterly revenues also exceeded $US10 billion, with more than half of that coming from outside the United States.

As well as generating money through advertising based on searches, Google also makes the popular Android mobile phone operating system.

The company has announced plans to create a new class of non-voting stock and effectively split the shares two-for-one, with the owner of each existing share receiving one new share of the non-voting stock.