Google growth slows dramatically in 1Q

MOUNTAIN VIEW, Calif. (AP) Google remains in fine financial shape, with a first-quarter profit of $1.42 billion, or $4.49 per share. That was a 9 percent increase from $1.31 billion, or $4.12 per share, at the same time last year.

The Mountain View-based company took in first-quarter revenue of $5.5 billion. Compared to the same time last year, Google's revenue increased 6 percent -- by far the slowest growth rate in its 19 quarters as a public company. And it represented a slight drop from $5.7 billion in the fourth quarter -- the first such falloff for Google.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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