Financial Roundup

25 April 2005

Global (calendar Q1)
The internet search giant's first quarter witnessed a near-sixfold rise in net income to $369 million (€282.37m; £192.68m) as revenues surged 93% to $1.26 billion.

The result approaches the $399 million in net income Google reported for all of last year, and at $1.29 a share far exceeds the $0.92 cents a share estimated by Wall Street analysts.

"The profit margins were very impressive," opined Standard & Poor's internet analyst Scott Kessler.

Global (calendar Q1)
The fast food behemoth posted a robust 42% first quarter profits gain despite signs of a slowdown in the US restaurant industry.

Net profits were $728 million (€557.09m; £380.14m), up year-on-year from $512m - although the increase was mostly due to exceptional items and tax changes.

Total revenue was up 9% to $4.8billion, slightly above expectations, with strong performances in Britain, France and Russia. Overall sales were up 10% in Europe, which now generates more revenue for the company that its home market in the US.

Despite this, ceo Jim Skinner insists that McDonald's still has "positive momentum" stateside, despite concerns that rising food prices could start to erode profit margins. "I am encouraged by the ongoing strength and resilience of our US business," he said.

Data sourced from multiple origins; additional content by WARC staff