Written by:2009/04/17 07:51 AM
Google announced its 2009 first quarter results, and it looks good. In a world that many claim is in a recession, Google seems to be doing OK. Their ad revenue is testament that internet add are working and many are moving towards it. Spending more and more on internet ads every year.
"Google had a good quarter given the depth of the recession -- while revenues were down quarter over quarter, they grew 6% year over year thanks to continued strong query growth. These results underline both the resilience of our business model and the ongoing potential of the web as users and advertisers shift online," said Eric Schmidt, CEO of Google. "Going forward, our priority remains investing for the long term to drive future growth in our core and emerging businesses."
For the quarter ended March 31, 2009, Google reported revenues of $5.51 billion. That’s an an increase of 6% compared to the first quarter of 2008 but a decrease of 3% when compared to the fourth quarter of 2008.
Sites that Google owns generated in the region of $3.70 billion, or 67% of total revenues, in the first quarter of 2009. This translates to a 9% increase over first quarter 2008 revenues of $3.40 billion. Although when compared to fourth quarter of 2009 it is down3%.
Advertising - which include clicks related to ads served on Google sites and the sites of their AdSense partners, increased approximately 17% over the first quarter of 2008 and increased approximately 3% over the fourth quarter of 2008.
Read the full story, a report on the results, and view the unaudited financials here.
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