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Google 1Q profit rises 69%

SAN FRANCISCO, April 19 (Reuters) – Google Inc. reported on Thursday its quarterly net profit rose 69 percent, topping expectations, driven by market share gains in its Web search business, sending its stock up 2.8 percent after-hours.

Net income rose to $1.0 billion, or $3.18 per diluted share, from the year-earlier quarter’s $592 million, or $1.95 a share. Excluding stock-option expenses, profit was $3.68 per share versus $2.29 a year before.

Gross revenue rose 63 percent to $3.66 billion, including traffic acquisition costs of $1.13 billion paid out to affiliated Web sites that act as billboards for Google ads.

New in Google SERPS: View and Manage your Web History

Google recently has come up with four new patents

1. Document Scoring Based on Traffic Associated with a Document [April 19, 2007 - Steve Lawrence]

2. Document Scoring Based on Query Analysis [April 19, 2007 - Jeffery Dean]

3. Document Scoring Based on Link-Based Criteria [April 26, 2007 - Anurag Acharya]

4. Document Scoring Based on Document Inception Date [April 26, 2007 - Matt Cutts]

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