SAN FRANCISCO - Google Inc. eked out a higher profit in the first quarter, although the Internet search leader's revenue growth decelerated to the slowest pace since the company went public nearly five years ago.
The results released yesterday sent Google's shares higher, even as they illustrated how the recession is squeezing profitable companies like Google. The Mountain View, Calif., company boosted its profit largely by cutting costs, including reducing the size of its workforce....
Google earned $1.42 billion.... a 9 percent increase from $1.31 billion at the same time last year.... --more--"
