Our comments and trackback policy You Link We Follow, You Comment We Promote

Today Google’s has released its first quarter report that ended on March 31st and it is by all means above what analysts would have anticipated. The recession came hitting almost every sector hard and Google was no exception as its own stocks dropped to an all time low. The net income for the current quarter surged up by almost 9% or $1.4 billion, bringing its overall $17.6 in form of cash and marketing. It sowed overall consistency, despite the fact its revenues plunged by 3% quarter over quarter. This was the first time ever that Google faced sequential drop, although the year on year revenue rose up by 6%. Google also confirmed that it laid off a few employees as the number fell to 20,164, compared to 20,222 in December, 2008.