Google Enjoys Another Profitable Quarter

April 16th, 2010 at 12:00 am
 


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Despite the global economic woes affecting even the biggest companies in the US, Google seems to doing quite well. In fact, the online search company continues on its streak of enjoying strong quarters as it recently reported increases in its recent quarterly profits.

According to a report from Google, first quarter results for this year has shown an increase in revenue and profits. The first quarter ending on March 31 of this year saw an increase in earnings of 23 percent at $6.77 billion as compared to the same period last year. Net revenue went up 19 percent at $5.06 billion compared to $4.1 billion from lat year. The improved performance for the first quarter came amid reports that the search market seems to be recovering faster than what analysts expected.

Other numbers of the first quarter report include Google having capital expenditures for 2010 totaling $2.58 billion compared to $2.25 billion on the same period last year. Google also reported an increase on their workforce worldwide. As of the recent quarter, Google has 20,621full-time employees, up from 19,835 employees as of December 31, 2009. It seems that Google may be enjoying a robust year despite the overall dismal economic climate.