
Caterpillar has reported all time quarterly record profits for Q1 2011, driven by the continuing improvement in global demand for its products and its focus on cost management.
First-quarter revenues of $12.949 billion were up 57 percent from $8.238 billion in the first quarter of 2010. Profit was a record $1.225 billion in the quarter, an increase of 426 percent from $233 million in the first quarter of 2010.