California, Apr 17: In the financial results for the quarter ended Mar 31, 2009 released on Thursday, Apr 16 Google reported revenues of $5.51 billion for the quarter ended March 31, 2009.
In spite of the global economic recession Google's reports show an increase of 6% compared to the first quarter of 2008 and a decrease of 3% compared to the fourth quarter of 2008. GAAP net income for the first quarter of 2009 was $1.42 bn as compared to $382 mn in the fourth quarter of 2008.
Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the first quarter of 2009, TAC totaled $1.44 billion, or 27% of advertising revenues
"Going forward, our priority remains investing for the long term to drive future growth in our core and emerging businesses," said Eric Schmidt, CEO of Google.
OneIndia News
In spite of the global economic recession Google's reports show an increase of 6% compared to the first quarter of 2008 and a decrease of 3% compared to the fourth quarter of 2008. GAAP net income for the first quarter of 2009 was $1.42 bn as compared to $382 mn in the fourth quarter of 2008.
Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the first quarter of 2009, TAC totaled $1.44 billion, or 27% of advertising revenues
"Going forward, our priority remains investing for the long term to drive future growth in our core and emerging businesses," said Eric Schmidt, CEO of Google.
OneIndia News
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