Google Profits & Revenue Rise 23% In The First Quarter Of 2010

Google Revenue Profits

Internet giant, Google, records its revenue and profit growth in first quarter of 2010 has reached U.S. $ 6.77 billion in the period ended March 31 2010, increased of 23 percent compared to the same period last year.

In addition, Google gets a net income of U.S. $ 1.96 billion or U.S. $ 6.06 per share. The New York Times reported that last year, they was received U.S. $ 1.42 billion or U.S. $ 4.49 per share. Based on pro forma, Google's net income that exclude a number of items reached U.S. $ 2.18 billion or U.S. $ 6.76 per share. In the first quarter of 2009, Google got U.S. $ 1.64 billion or U.S. $ 5.16 per share.

On March 31, 2010, Google had cash, short-term securities, and cash equivalent of U.S. $ 26.5 billion. The number of employees increased from 19,835 people to 20,621 employees.

Throughout the first quarter of 2010, Google is never free from controversy. In January, Google was surprised the world by claiming to stop censoring their search results in China. A month later, Google launched the Buzz that was criticized due to violation of privacy rules.

Google actually stop censorship in China in March and move the operations of Google.cn services to Hong Kong. They was claimed forced to take this step because it could not deal with hackers to attack their systems and to a number of Gmail accounts owned by China's human rights fighters. Meanwhile, Google also has improved the privacy rules of its social networking service, Buzz.

Approximately 66 percent of all Google's revenue comes from its own site pages while their peers contributing 30 percent. As many as 53 percent of revenue comes from outside the United States (U.S.).

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