Google money machine tops self with 23% revenue leap
Q1 trumps Christmastime
For the quarter ending March 31, Google pulled in $6.77bn in revenue, a 23 per cent leap from the same period last year - the 2009 quarter where the company was most affected by the worldwide economic meltdown.
Not that it was seriously affected. After expanding ad coverage on its world dominating search engine, the company still showed growth in the first quarter of 2009, and as it trimmed some of its staff and halted acquisitions, it still turned a profit.
But a year later, profits are, shall we say, much higher. And the company is now shrinking ad coverage.
In the quarter just ended, Mountain View pulled in $1.96bn in profits, up 38 per cent from the same quarter last year. Traditionally, Google's strongest quarter is the fourth. Christmastime, naturally. But as the economy continued to rebound, the company pulled in more revenues in the first quarter than it did in fourth.
First quarter aggregate paid clicks leapt 15 per cent from the same quarter last year and five per cent from the fourth quarter, and cost per click jumped seven per cent from the first last year and four per cent from the fourth quarter.
Money machine indeed. ®
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