Thursday 29 April 2010

Baidu's Q1 2010 profits rose 167% Y-o-Y

"Total revenues in the first quarter of 2010 were RMB1.294 billion ($189.6 million), a 59.6% increase from the corresponding period in 2009.
Operating profit in the first quarter of 2010 was RMB530.8 million ($77.8 million), a 167.4% increase from the corresponding period in 2009.
Net income in the first quarter of 2010 was RMB480.5 million ($70.4 million), a 165.3% increase from the corresponding period in 2009. Diluted earnings per share ("EPS") for the first quarter of 2010 was RMB13.77 ($2.02); diluted EPS excluding share-based compensation expenses (non-GAAP) for the first quarter of 2010 was RMB14.33 ($2.10)."
Source: Baidu press release, 28th April 2010

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