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Google reported revenues of $8.58 billion in Q1 2011

Google reported revenues of $8.58 billion for the quarter ended March 31, 2011, an increase of 27 per cent compared to the first quarter of 2010. Revenues from outside of the United States totalled $4.57 billion, representing 53 per cent of total revenues in the first quarter of 2011, compared to 52 per cent in the fourth quarter of 2010 and 53 per cent in the first quarter of 2010.

Google reported revenues of $8.58 billion for the quarter ended March 31, 2011, an increase of 27 per cent compared to the first quarter of 2010. Revenues from outside of the United States totalled $4.57 billion, representing 53 per cent of total revenues in the first quarter of 2011, compared to 52 per cent in the fourth quarter of 2010 and 53 per cent in the first quarter of 2010.

Revenues from the United Kingdom totalled $969 million, representing 11 per cent of revenues in the first quarter of 2011, compared to 13 per cent in the first quarter of 2010. Google-owned sites generated revenues of $5.88 billion contributing 69 per cent of total revenues. Google’s partner sites generated revenues, through AdSense programs, of $2.43 billion contributing 28 per cent of total revenues, in the first quarter of 2011.

“We had a great quarter with 27 per cent year-over-year revenue growth. These results demonstrate the value of search and search ads to our users and customers, as well as the extraordinary potential of areas like display and mobile. It’s clear that our past investments have been crucial to our success today–which is why we continue to invest for the long term,” Patrick Pichette, CFO, Google has said.

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