Google’s First Quarter 2010 Results Show 23% Revenue Increase

Google announced earnings, showing a 23% increase in revenue from the first quarter of 2009 to the first quarter of 2010. Google earned $6.77 billion for the quarter ended March 31, 2010. Google’s operating income was $2.49 billion, or 37% of revenues and net income was $1.96 billion up from $1.42 billion the year prior.

Here are some key highlights:

• Google-owned sites generated revenues of $4.44 billion, or 66% of total revenues
• Network revenue or AdSense programs, earned of $2.04 billion, or 30% of total revenues
• Paid clicks increased approximately 15% over the first quarter of 2009 and increased approximately 5% over the fourth quarter of 2009
• Cost per click prices also increased approximately 7% over the first quarter of 2009 and decreased approximately 4% over the fourth quarter of 2009
• Google has $26.5 billion cash on hand
• Google employed 20,621 full-time employees as of March 31, 2010, up from 19,835 full-time employees as of December 31, 2009

Here is the earnings summary presentation: