Google profit up 61%, stock split in works

Google on Thursday reported a 61% jump in first-quarter profit and announced a 2-for-1 stock split. The search giant’s first-quarter net income was $2.9 billion. or $8.75 a share, up from $1.8 billion, or $5.51, a year earlier. Revenue was $10.7 billion, up 24% from last year’s first quarter.