Google reported sales of $5.2bn in the first quarter, a rise of 42% from the same period last year. Earnings at the internet search company rose 30% to $4.12 per share.  For the first time, more than half of revenues now come from outside the US.  A weaker dollar provided a $200m bump in exchange rate gains.  The company’s market share overseas is even higher than in the US. More than 80% of searches in the UK, for example, were on Google. The company invested over $800m in its business and added more than 2,300 employees.  Source: Courtesy of BIIA member Breakingviews.com

BIIA Newsletter May – 2008 Issue