Google releases Q1 Profits


Google released its financial results for the first quarter of the 2010 on Thursday.

 

The search engine giant reported $6.7 billion in revenues in the first quarter, a 23 percent increase over first quarter 2009 revenues of $5.5 billion.

Websites owned by Google generated $4.4 billion in revenues or 66 percent of total revenue, in the first quarter.

Google’s partner sites brought in $2.04 billion through AdSense programs. The partner sites are Google’s second largest form or revenue accounting for 30 percent of revenue in the first quarter. It’s a 24 percent increase over 2009 network reveunes of $1.64 billion.

Revenue from outside of the U.S., which makes up 53 percent of total revenue, came to $3.58 billion for the quarter.

Acquisitions

There were a few high profile acquisitions this quarter. In February, Google bought Ardvark for a reported $50 million. Google also acquired the mobile email search utility reMail,online photo editor Picnik and DocVerse, Microsoft Office collaboration tool. The purchase price for those acquisitions was not disclosed.

Highlights

  • Paid Clicks increased by about 15 percent over first quarter of 2009
  • The average Cost-per-click increased by about 7 percent over first quarter of 2009
  • Google Spent about $239 million in the first quarter on data centers, servces and infrastructure.
  • Google’s foreign exchange risk program added $10 million to revenues in the first quarter, down from $15.4 million over last year at the same time.
  • Google hired 786 employees so far this year, bring the total worforce to 20,621.

 

 

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