Google soaks in 31% profit jump last quarter

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Google soaks in 31% profit jump last quarter

Mountain View (CA) – Google profits rose 31% in the first quarter of the year over 2007, despite concerns that the bottom would fall out in its click-for-money ads business.

Paid clicks in fact rose 20%, causing some genuine surprise in the world of investors.  Google’s stock price is currently over $500.

Recently in front-page business news, Google has been in a highly reported deal with Yahoo to help bolster its online ad unit, a measure seen by analysts to hurt Microsoft in its Yahoo acquisition quest.

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