Google’s streak of strong quarters continues: The company just posted big increases in quarterly profits and revenue. Net revenue at the search giant was up 19 percent to $5.06 billion, compared to $4.1 billion a year ago. Net income increased to $1.96 billion, up from $1.4 billion a year ago. Both figures were squarely in line with analysts’ expectations. In after-hours trading, however, the company’s stock is down slightly. The performance comes as reports have said that the search market is recovering faster than anticipated. (Even during the midst of the recession, however, Google ( NSDQ: GOOG ) continued to grow). A report earlier this week , for instance, said that search-ad spending had jumped 20 percent during the first quarter. Some highlights: — Capital expenditures : Capital expenditures were only $239 million during the quarter, up slightly from the company’s $221 million in capital expenditures last quarter. That’s much less than what analysts had expected—and ...
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